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The Grocery Code Adjudicator, Mark White, said he wanted to hear from as many suppliers as possible about their ongoing experiences supplying to large retailers

Mr Reed said: "Food production will always be the primary purpose of the farming sector, but for all farm businesses, tenants, upland and others, to stay viable in an increasingly uncertain world and to make sure they can keep producing the food we all need, they must be able to profit from other activities"

Mr Reed said: "12,000 farms and producer businesses went bust under the last government. This is already happening. It is nothing to do with IHT. It is because the sector is not profitable

In an online video to NFU members, Mr Bradshaw said the PM was 'very much in listening mode' and hoped he was going to act on what he had heard around the 'very real human impacts' of IHT changes

On average, profits are predicted to rise to £590/cow. That is according to the annual Milk Cost of Production report by Old Mill and the Farm Consultancy Group

Rising costs and retail pressures hit farms with berry growers concerned for the future

Achieving optimal efficiency in the pre-weaning period is key to reducing heifer rearing costs and improving herd sustainability

Despite a challenging year, farmers are the least likely of any business sector to be putting their businesses up for sale, according to investment management company Vestd.

An arable farm profitability model using current market data has been updated to produce revised forecasts for harvest 2023 and 2024