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Watch again: Energy, costs and prices NFU Live session

05 October 2022, 11:00 – 12:00

Virtual Event

Our NFU Live on energy markets, input costs and pricing from 5 October is now available to watch again. We will be keeping this page updated with information for members, including a rundown of the Q&A session.

In the session, the panel including NFU President Minette Batters, NFU agrifood Policy delivery manager Jack Watts and NFU Energy technical director Jon Swain tackled questions on volatile markets, contracts and the energy relief scheme.

Championing farming within Government

Opening the session, NFU President Minette Batters outlined how the organisation was working across political parties and how the NFU was making the case for farmers: “The political roadmap is very uncertain right now. At the Conservative Party Conference the Secretary of State talked about three areas: delivering for the environment, delivering for food and outlining a big ambition for growth.

“While we welcome the scheme, agriculture and horticulture must be classed as vulnerable sectors and we have to make sure there is continuing support and investment in our sector if we are going to put our arms around production.

“»Ê¼Ò»ªÈËhas to provide full-scale analysis of the impacts to ensure government listens, and that is what we will do.

Long-term certainty needed after six-month scheme

Speaking during the session, Jack said: "The feedback we've had from members is that the initial six months just isn't long enough to have a material impact. In the new year there will be a mid-term review of the six-month scheme which will be used to inform where targeted support is rolled out after April 2023.

"This will be rolled out for vulnerable sectors which hasn't yet been defined. There are hints that this will be for sectors facing multiple sources of cost inflation will be considered as part of that vulnerability criteria and clearly agriculture and horticulture has cost inflation on many fronts including labour, fertiliser and feed.

Jack reiterated that the NFU's will continue to seek clarity on the initial six-month period, as well as demonstrating the need for further long-term certainty beyond April and the multiple roles energy plays on food production.

The link between energy and gas

NFU Energy's Jon Swain said that understanding the intrinsic link between energy was vital, as was unpicking the factors that have influenced the upward turn in prices: "Many of these high energy prices started nearly two years ago and there was always an expectation we would see an increase in prices this year due to worldwide factors including.

"This includes the decoupling of our energy market from Europe, the Covid recovery and impacts of gas and storage. Compounded with the situation with Russia and Ukraine, this has seen prices skyrocket. 

"We must expect that as our gas market is so intrinsically linked with electricity generation that anything that happens in the gas market influences the energy price. The wholesale market is dominated by the generation of electricity from gas and there isn't yet a decoupling of that for us to benefit from lower-generation costs of renewable energy."

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The panel

Minette Batters

NFU President | 2018 – 2024

Minette runs a tenanted family farm in Wiltshire.  The mixed farming business includes a 100-cow continental cross suckler herd, as well as sheep and arable.

Diversification includes the conversion of a 17th century tithe barn into a wedding and corporate events venue, and horse liveries. Minette co-founded the campaigning initiatives 'Ladies in Beef' and the 'Great British Beef Week'.

Campaigning on behalf of NFU members about the importance of British food and farming has been a key driver for Minette throughout her time at the NFU. In 2020 she led one of the most successful petitions ever, bringing together a coalition of chefs, including Jamie Oliver, farmers, environmentalists, consumer groups and animal welfare experts – resulting in over one million people signing the NFU food standards petition. She has also regularly engaged with different media genres including appearances on Desert Island Discs, Question Time, and Any Questions.

She has been an NFU member from grassroots through to County Chair; she served as Wiltshire’s Council delegate and also as Regional Board Chair for the South West. Minette has also been a member of NFU Governance Board and served as NFU Deputy President for four years from 2014 to 2018, before being elected as president in February 2018. Minette is also an ambassador of Farm Africa and was made a Deputy Lieutenant to Her Majesty Queen Elizabeth in 2021.

Officeholder responsibilities 

  • Trade and standards
  • EU and international relations
  • Taxation and fiscal policy
  • Science and research and development
  • Food supply chain (fair dealing, Markets and Authorities, competition, regulation)
  • Food service
  • AHDB
  • Levelling up
  • Education

Jack Watts

Chief Value Chain Analyst

Jack joined NFU in January 2018 to take up the role of Chief Combinable Crops Adviser, where he was responsible for delivering policy priorities for the sector in partnership with the National Crops Board.

Jack’s current role sees him supporting and leading strategic cross-cutting work streams, most recently the organisation’s collective response and asks in the wake of the Ukraine crisis.

Before joining the NFU, Jack spent 12 years at the AHDB and previously HGCA. Whilst at AHDB Jack led the organisations analysis of grain and oilseed markets on behalf of levy payers as well as delivering multi-sector work on how modern day agriculture can manage volatility.

Jack is from a farming background in the South West of England, studied Agriculture at the University of Nottingham after which worked on a New Zealand dairy farm.

Jon Swain

Technical Director, NFU Energy

Jon has a background in farming, and was educated as an engineer and electrician, before a wide-ranging career in energy. Since 2005, Jon has been involved in all areas of NFU Energy, with expertise in technical consultancy, renewable energy and energy scheme compliance.

In recent years Jon has consulted on all manner of renewables projects, especially in AD, biomass heating and CHP.

Event details
Start Date
05 October 2022 at 11:00
End Date
05 October 2022 at 12:00
Location
Virtual Event