21/10/05
The price differentials between farm assured and non-farm assured stock sold liveweight through English auction markets have been revealed for the first time through a study undertaken by the English Beef and Lamb Executive.
The report, shows there is a cost/benefit to being farm assured if you sell two or more beef cattle for slaughter per annum or 65 or more lambs per annum, according to the aggregated data*.
Farmers have never had any objective data to enable them to evaluate the cost/benefit of their Farm Assurance membership. Based on an average annual throughput, non-farm assured stock were traded at a discount which would amount to some £3.17 million over a year.
EBLEX chairman John Cross said: "It is important that farmers are able to see that there is a financial benefit in being part of a farm assurance scheme.
"Farm Assurance is the foundation on which our industry is able to promote our meat to the consumer as the quality product that research shows shoppers are willing to pay more for.
"It is unlikely the demand for farm assured stock will decline. Indeed, the launch of the EBLEX Quality Standard for beef and lamb is further increasing the demand for farm assured stock.
"Going forward, the industry will be able to see the benefits for themselves, as we will be making this information available on a daily basis"
The average prices for both farm assured and non farm assured finished cattle and sheep, for all English livestock markets that report their prices to the Meat and Livestock Commission will be published on the EBLEX website www.eblex.org.uk <http://www.eblex.org.uk> from Wednesday October 26.
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