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Farming: Financial Sustainability

24 June 2026

Lead MP

David Smith

Responding Minister

Stephen Morgan

Tags

Agriculture & Rural Affairs
Word Count: 9770
Other Contributors: 21

At a Glance

David Smith raised concerns about farming: financial sustainability in Westminster Hall. A government minister responded.

Key Requests to Government:

The Government should ensure imported food products meet the same high standards as home-grown produce to maintain a level playing field on quality. The Minister should update the House on progress towards ensuring half of all food purchased across the public sector is locally produced or certified to higher environmental standards and create a public record of how much of public institutions' food is sourced from the UK.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The farming sector in North Northumberland and across England is facing significant financial challenges. In 2023-24, an average cereals farm took in £250,000 from selling crops but made a loss after costs, relying heavily on subsidies, diversification, and environmental schemes. The profitability review by Minette Batters highlighted that there is no single solution to improve farming profitability. Farmers earn a lower share of food chain gross value added compared to farmers in other countries like Germany, France, and the Netherlands, with only 9% of farms producing 62% of our food. Additionally, the National Farmers' Union reports that there were 2,500 abattoirs in the UK in the '70s but now there are just 200.

Government Response

Stephen Morgan
Government Response
Morgan paid tribute to his predecessor's work and highlighted the Government's commitment to supporting farmers through global uncertainties. He announced a record £11.8 billion investment over this Parliament for sustainable farming, including an additional £53 million for the farming innovation programme. The minister addressed concerns about fertiliser prices due to the Middle East conflict and fuel costs by reducing red diesel tax rates, saving farmers over £300 million annually.
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About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.