British farmers will plant a million less apple trees this year as costs soar and supermarkets squeeze prices from 4 days ago sunidhi chauhan pantyless leaked pornhub goes viral singer sunidhi chauhan pentyless whats app pics Watch Video

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British farmers will plant a million less apple trees this year as the industry is ravaged by inflation, labour shortages, climate change and cheap supermarket prices.<br/><br/>Landowners across the country are digging up their orchards as apple production becomes financially unviable.<br/><br/>According to British Apples and Pears Limited (BAPL), British apple growers normally plan to plant 1 million to 1.5 million trees every year. <br/><br/>But this year growers ordered just 500,000 saplings - and they have since cancelled a third of those.<br/><br/>Last year a report by the agricultural and sustainability consultancy Promar for the NFU found that inflation for growers was running at around 23 per cent. <br/><br/>But they only received on average a 0.8 per cent increase in their returns from selling apples to supermarkets.<br/><br/>The BAPL has now published data highlighting the continued struggles for the top UK fruit growers - the biggest data set ever released at one time by the industry.<br/><br/>It reported that confidence in British apple growing is understandably low - with 70 per cent of growers admitting they are less confident than they were a year ago and almost half (45 per cent) of respondents said they have scaled back their future investment plans.<br/><br/>Just three per cent said they have a ‘true partnership’ with supermarkets, while 45 per cent say retailers only care about price.<br/><br/>The immediate impacts of orchards not being replanted is the loss of British-grown varieties, as well as biodiversity loss.<br/><br/>But long-term implications means a decrease in British apples in supermarkets for shoppers - at a time when buying local is being encouraged.<br/><br/>There are many factors as to why this is happening - but simply put, growers are unable to afford to invest in new orchards because they are getting such low returns for their fruit - they are no longer profitable.<br/><br/>James Smith, a fifth-generation fruit grower who runs Loddington Farm in Kent, has ripped up three orchards because apple production is no longer financially viable.<br/><br/>He has been in the business for over 20 years, but says growers cannot afford to invest in new orchards because they have such low returns on their fruit. <br/><br/>When he joined the farm 98 per cent of their income was from apples and pears.<br/><br/>But Loddington Farm's commercial apple production has dropped from 80 per cent to 4 per cent since 2018.<br/><br/>His remaining orchards are currently being converted to organic production but there has been no new planting since 2018.<br/><br/>James says climate change, labour shortages, energy prices and retailer behaviour all play an equal role in the farm's decision to step away from apple production.<br/><br/>He said: \

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British farmers will plant a million less apple trees this year as the industry is ravaged by inflation, labour shortages, climate change and cheap supermarket prices.&#60;br/&#62;&#60;br/&#62;Landowners across the country are digging up their orchards as apple production becomes financially unviable.&#60;br/&#62;&#60;br/&#62;According to British Apples and Pears Limited (BAPL), British apple growers normally plan to plant 1 million to 1.5 million trees every year. &#60;br/&#62;&#60;br/&#62;But this year growers ordered just 500,000 saplings - and they have since cancelled a third of those.&#60;br/&#62;&#60;br/&#62;Last year a report by the agricultural and sustainability consultancy Promar for the NFU found that inflation for growers was running at around 23 per cent. &#60;br/&#62;&#60;br/&#62;But they only received on average a 0.8 per cent increase in their returns from selling apples to supermarkets.&#60;br/&#62;&#60;br/&#62;The BAPL has now published data highlighting the continued struggles for the top UK fruit growers - the biggest data set ever released at one time by the industry.&#60;br/&#62;&#60;br/&#62;It reported that confidence in British apple growing is understandably low - with 70 per cent of growers admitting they are less confident than they were a year ago and almost half (45 per cent) of respondents said they have scaled back their future investment plans.&#60;br/&#62;&#60;br/&#62;Just three per cent said they have a ‘true partnership’ with supermarkets, while 45 per cent say retailers only care about price.&#60;br/&#62;&#60;br/&#62;The immediate impacts of orchards not being replanted is the loss of British-grown varieties, as well as biodiversity loss.&#60;br/&#62;&#60;br/&#62;But long-term implications means a decrease in British apples in supermarkets for shoppers - at a time when buying local is being encouraged.&#60;br/&#62;&#60;br/&#62;There are many factors as to why this is happening - but simply put, growers are unable to afford to invest in new orchards because they are getting such low returns for their fruit - they are no longer profitable.&#60;br/&#62;&#60;br/&#62;James Smith, a fifth-generation fruit grower who runs Loddington Farm in Kent, has ripped up three orchards because apple production is no longer financially viable.&#60;br/&#62;&#60;br/&#62;He has been in the business for over 20 years, but says growers cannot afford to invest in new orchards because they have such low returns on their fruit. &#60;br/&#62;&#60;br/&#62;When he joined the farm 98 per cent of their income was from apples and pears.&#60;br/&#62;&#60;br/&#62;But Loddington Farm&#39;s commercial apple production has dropped from 80 per cent to 4 per cent since 2018.&#60;br/&#62;&#60;br/&#62;His remaining orchards are currently being converted to organic production but there has been no new planting since 2018.&#60;br/&#62;&#60;br/&#62;James says climate change, labour shortages, energy prices and retailer behaviour all play an equal role in the farm&#39;s decision to step away from apple production.&#60;br/&#62;&#60;br/&#62;He said: &#92;
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Buoyed by an uptick in tourism and consumption, Hong Kong’s economy grew an estimated 3.2% in 2023. Even so the post-pandemic recovery has been slower than expected amid a stagnant property sector and sluggish exports. With an IPO drought, the benchmark Hang Seng index declined 28% since we last measured fortunes a year ago. The collective net worth of Hong Kong’s 50 richest tycoons contracted by 9% to &#36;296 billion.&#60;br/&#62;&#60;br/&#62;Overall, 30 list members saw their fortunes fall, including Li Ka-shing, who retained the prime spot even as his net worth declined to &#36;36.2 billion. Shares of Li’s property developer CK Asset Holdings, which has been reducing prices of its residential projects to boost demand, were down by a third from last year.&#60;br/&#62;&#60;br/&#62;The list was compiled using information from individuals, analysts, government agencies, stock exchanges, databases and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on Feb. 2 and real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives. Private companies were valued by using financial ratios and other comparisons with similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the city, or citizens who don’t reside in the city but have significant business or other ties to the city. The editors reserve the right to amend any information or remove any listees in light of new information.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/janeho/2024/02/21/hong-kongs-50-richest-2024-collective-wealth-slumps-in-a-gloomy-property-and-trade-landscape/?sh=2620080a2176&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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