Farming: Financial Sustainability - 24th June 2026

Here are the climate-related sections of speeches by MPs during the Commons debate Farming: Financial Sustainability.

Full text: https://hansard.parliament.uk/Commons/2026-06-24/debates/72B576EF-A57B-4551-B46E-AA541876F266/FarmingFinancialSustainability

16:35 David Smith (Labour)

We need to look at how we can cut inputs and free up capital for farmers to reinvest in their farms. Energy prices are too high. The recent red diesel fuel duty cut was an incredibly welcome step and has been well received by my farmers. I am now interested to see what options are open to help farmers install renewable energy supplies on their estates via GB Energy. I support the NFU’s ask of the Government to help farmers cut electricity prices by opening a standard industrial classification subdivision for energy intensive farming.

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17:04 Helen Morgan (Liberal Democrat)

In the short time I have, I will focus on two issues. For the roughly 130 dairy farmers in North Shropshire the huge pressures of climate change, increased input costs, rising energy and fertiliser prices, and hostile trade deals have come at a time when milk prices are simply not keeping up with the cost of production, as we have heard.

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Greg Smith (Conservative)

Would my hon. Friend agree that another uncertainty is coming down the path? The Climate Change Committee is asking farmers to reduce livestock numbers by up to 40%. That would devastate and make unviable so many farms—complete madness.

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17:24 Greg Smith (Conservative)

Does the Minister accept that it is a choice made by this Government—maybe not by DEFRA, but by the Treasury—to bring in the carbon tax from 1 January? The Government cannot change events in the middle east, but they could choose to delay or scrap that tax.

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17:26 Stephen Morgan (Labour)

There are real, recent issues that need to be addressed; I have heard from the stakeholders I have already met that additional pressures are affecting farmers. The Government are well aware of the impact of climate change -related extreme weather on the financial sustainability of farms in recent years—this week’s heatwave is a reminder of that. We are committed to working with farmers to deliver long-term solutions to the risks associated with extreme wet or dry weather, and to increase profitability, because farmers being able to run profitable businesses is good for the whole economy and vital for food security. That is why we are investing in farming schemes and grants to make farming more resilient to economic and environmental shocks, and to safeguard our long-term food security.

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