Total factor productivity of the agricultural industry
Total factor productivity is an indicator of the long-term performance of the agricultural industry in the United Kingdom. It is the growth of output from which the impact of all inputs is removed and reflects anything that cause output to grow faster than the combined growth of all inputs, such as improvement in technology.
In the long-term, productivity growth in agriculture allows farm commodities to be grown and harvested more cheaply. As well as benefiting farmers, this benefits food manufacturers and consumers as most of these cost reductions are passed on to the non-farm economy as lower commodity prices.
A similar indicator is Food chain total factor productivity, which shows the productivity of the United Kingdom food chain compared to the wider economy and within the main four food industry sectors.
Coverage: UK
Geographic Breakdown: n/a
Next release date: May - 1st estimate for 2012. December – 2nd estimate for 2012. For actual publication dates please see the National Statistics release calendar.
Enquiries and feedback: Please contact us if you need further information. We’d also like to know what you use this release for, or if you think it could be improved. Please email: nick.olney@defra.gsi.gov.uk or phone:++44 (0)1904 455355
