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EU Agriculture, Fisheries, Environment and Energy Sub This document is circulated in confidence for Committee use only and should not be disclosed. Misdirected copies should be returned to Patrick Milner, House of Lords, London SW1A 0PW. EU Energy and Environment Sub-Committee Responding to price volatility: creating a more resilient agricultural sector Written and Oral Evidence Contents Agricultural Industries Confederation — Written Evidence ............................................................ 4 Agriculture and Horticulture Development Board (AHDB) — Written Evidence ..................... 7 Agriculture and Horticulture Development Board, Menter a Busnes, and Royal Agricultural Society of England — Oral Evidence (QQ 29–37) ........................................................................... 16 All-Party Parliamentary Group on Agroecology for Sustainable Food and Farming — Written Evidence ..................................................................................................................................................... 38 Barclays Agriculture, European Investment Bank, HSBC, and NFU Mutual — Oral Evidence (QQ 64-73) ............................................................................................................................................... 41 Centre for Excellence in Logistics and Supply — Written Evidence ........................................... 68 Country Land and Business Association, National Farmers Union, and Professor Paul Wilson — Oral Evidence (QQ 12–23) .............................................................................................................. 71 CRM Commodities — Written Evidence .......................................................................................... 97 Dairy UK — Written Evidence .......................................................................................................... 100 Dr Phil Dawson — Written Evidence ............................................................................................... 111 Department for Environment, Food and Rural Affairs — Written Evidence .......................... 116 Department for Environment, Food and Rural Affairs — Supplementary Written Evidence .................................................................................................................................................................... 124 DG AGRI, European Commission — Written Evidence .............................................................. 129 DG AGRI, European Commission — Oral Evidence (QQ 38-51) ............................................. 141 European Investment Bank, Barclays Agriculture, HSBC, and NFU Mutual — Oral Evidence (QQ 64–73) ............................................................................................................................................. 162 Farm Cornwall —Written Evidence .................................................................................................. 163 Farm Europe — Written Evidence .................................................................................................... 167 Douglas D. Hedley — Written Evidence ......................................................................................... 172 Professor Ian Hodge — Written Evidence ...................................................................................... 179 HSBC Bank Plc — Written Evidence ................................................................................................ 183 HSBC, Barclays Agriculture, European Investment Bank, and NFU Mutual — Oral Evidence (QQ 64–73) ............................................................................................................................................. 186 1 of 373 This document is circulated in confidence for Committee use only and should not be disclosed. Misdirected copies should be returned to Patrick Milner, House of Lords, London SW1A 0PW. Professor Tim Lloyd, Professor Steve McCorriston, and Professor Wyn Morgan — Written Evidence ................................................................................................................................................... 187 Professor Tim Lloyd, Professor Steve McCorriston, and Professor Wyn Morgan – Oral Evidence (QQ 1-11) .............................................................................................................................. 195 Sir John Marsh — Written Evidence ................................................................................................. 218 Professor Steve McCorriston, Professor Tim Lloyd, and Professor Wyn Morgan – Oral Evidence (QQ 1-11) .............................................................................................................................. 220 Menter a Busnes — Written Evidence ............................................................................................. 221 Menter a Busnes, Agriculture and Horticulture Development Board, and Royal Agricultural Society of England — Oral Evidence (QQ 29–37) ......................................................................... 228 Professor Wyn Morgan, Professor Tim Lloyd, and Professor Steve McCorriston – Oral Evidence (QQ 1-11) .............................................................................................................................. 229 National Farmers Union — Written Evidence................................................................................ 230 National Farmers Union, Country Land and Business Association, and Professor Paul Wilson — Oral Evidence (QQ 12–23) ............................................................................................................ 242 National Federation of Young Farmers’ Clubs, and Tenant Farmers Association — Oral Evidence (QQ 24–28) ........................................................................................................................... 243 New Zealand High Commissioner, and Organisation for Economic Co-operation and Development — Oral Evidence (QQ 52-63) .................................................................................. 255 NFU Mutual, Barclays Agriculture, European Investment Bank, and HSBC— Oral Evidence (QQ 64–73) ............................................................................................................................................. 277 NFU Scotland — Written Evidence .................................................................................................. 278 Northern Ireland Assembly Committee for Agriculture and Rural Development —Written Evidence ................................................................................................................................................... 286 Organisation for Economic Co-operation and Development, and New Zealand High Commissioner — Oral Evidence (QQ 52-63) ................................................................................ 294 Royal Agricultural Society of England, Agriculture and Horticulture Development Board, and Menter a Busnes — Oral Evidence (QQ 29-37) ............................................................................ 295 Rural Business Research — Written Evidence ............................................................................... 296 Stable Insurance — Written Evidence .............................................................................................. 305 Nick Tapp — Written Evidence ......................................................................................................... 310 Teagasc – Agriculture and Food Development Authority, Ireland — Written Evidence ..... 315 Tenant Farmers Association — Written Evidence ........................................................................ 318 Tenant Farmers Association, and National Federation of Young Farmers’ Clubs — Oral Evidence (QQ 24–28) ........................................................................................................................... 322 UK Government — Oral Evidence (QQ 74–83) ........................................................................... 323 United States Department of Agriculture — Written Evidence ................................................. 345 2 of 373 This document is circulated in confidence for Committee use only and should not be disclosed. Misdirected copies should be returned to Patrick Milner, House of Lords, London SW1A 0PW. United States Department of Agriculture — Oral Evidence (QQ 84-87) ................................ 353 Welsh Government — Written Evidence ....................................................................................... 364 Martin Wilkinson — Written Evidence ............................................................................................ 369 Professor Paul Wilson, Country Land and Business Association, and National Farmers Union — Oral Evidence (QQ 12–23) ............................................................................................................ 373 3 of 373 Agricultural Industries Confederation — Written Evidence Agricultural Industries Confederation — Written Evidence 1. What is the role of public policy in mitigating the impact of potential price volatility? To what extent should the response be a shared endeavour between the EU institutions and Member State governments? What are the differing roles of industry on the one hand and individual farmers on the other? AIC members provide individual farmers and groups of farmers with risk management products. Volatility in prices means both upward and downward
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