British farmers told potatoes are underpinning the £4.5bn industry

Published 2023년 1월 26일

Tridge summary

The agricultural news article by The Courier highlights the underestimation of the UK potato industry's economic impact, as pointed out by Steven Thomson, a senior agricultural economist at SRUC. The sector's potential contribution to the economy is estimated to be as high as £4.5 billion, rather than the commonly held view of £765 million. This misperception could result in the industry receiving less political attention and potentially missing out on crucial government support. Thomson stressed the importance of considering the broader economic impact, which extends beyond the farm gate and includes the processing sector and the value chain. The seed potato sector, although small, plays a crucial role in supporting retail and processing activities, contributing to a significant portion of the sector's total value.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Potato growers have been told they are massively underestimating the economic significance of their sector which could be as high as £4.5 billion rather than the commonly-used estimate of £765 million, as Nancy Nicolson reports for The Courier. SRUC senior agricultural economist Steven Thomson told the SAC Association of Potato Producers (SACAP) conference in Dundee that underselling the industry afforded it less political imperative and could result in the sector missing out on vital government support. Mr Thomson emphasised the economic impact of the sector went far beyond the farm gate, and the usual estimate of the value of potatoes across the UK failed to take into account all the people working in processing and the upstream and downstream values. “So while the £100m seed potato sector is a ...

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