The rate of farm input cost inflation is slowing but fuel, property, rent interest and admin costs all saw big increases in the year to August.

The latest Anglia Farmers Agricultural Inflation Index shows a slowdown in the overall rate at 3.31%.

Individual enterprises show that costs of producing food have gone up for all types, with livestock suffering the largest increases – dairy production costs rose by 4.6% and those for beef and lamb by 3.42%.

The cost of producing combinable crops has gone up by 2.93%, lying marginally behind sugar beet (3.17%) and potatoes (3.3%).

Following a wet autumn and winter, the Retail Price Index (RPI) for potatoes has increased by 31.2% over the past year, while retail beef, and lamb prices have risen 10.9%.

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Ag inflation bumps up input costs