Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

DataHub

DataHub

Dairy Farmer Magazine

Dairy Farmer Magazine

Auction Finder

Auction Finder

British Farming Awards

British Farming Awards

CropTec

CropTec

LAMMA 2019

LAMMA 2019

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days or subscribe for unlimited access.

Subscribe | Register

Government agrees to look into extending GCA powers in response to EFRA report

The Government has responded to EFRA’s report into Farmgate prices, and has agreed to look into extending the powers of the GCA to help the farming industry.

Alice   Singleton

TwitterFacebook
Alice   Singleton
TwitterFacebook
Christine Tacon
Christine Tacon

In response to the Environment, Food and Rural Affairs (EFRA) Committee report on Farmgate prices, the Government has said it will look at extending the Groceries Code Adjudicator’s (GCA) remit as part of the GCA review later in the year.

 

The Government response to the report, which was released today (Thursday, May 19) stated that the Government is ’absolutely committed’ to supporting farmers, recognising the challenges they face from volatile markets.

 

It said: "Although we cannot control market volatility, we can give farmers improved tools to manage it."

 

While the GCA, Christine Tacon, warned last month that any extension of her role would not solve farmers’ price woes, the Government has agreed to look into the extension of her powers in order to help the farming industry.

 

In order to ’smooth out volatility’, the Government has said it is drawing up ’practical options for creating new derivatives markets’, working closely with AHDB’s volatility forum, farmers processors and the finance sector.

 

Future markets

 

After embarking on detailed analysis of the scope for ’better price risk management’ to enhance stability in the dairy sector, evidence has suggested that future markets have the greatest potential and can ’underpin other measures that help farmers and the wider supply chain to manage price risk’.

 

The report said: "We are now taking forward a further programme of work, exploring the level of appetite within the industry alongside some of the key barriers which have hampered the development of futures trading in the past."

 


Read More

FDF dismisses calls for more farmers to be protected by adjudicator FDF dismisses calls for more farmers to be protected by adjudicator
Government refusal to extend GCA’s remit leaves farming groups angry Government refusal to extend GCA’s remit leaves farming groups angry
MPs push for GCA remit to cover ‘whole food supply chain’ MPs push for GCA remit to cover ‘whole food supply chain’
Retailers deny Government watchdog accusations of underpaying farmers £15 million Retailers deny Government watchdog accusations of underpaying farmers £15 million

TwitterFacebook
Post a Comment
To see comments and join in the conversation please log in.

Most Recent

Facebook
Twitter
RSS
Facebook
Twitter
RSS