Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what estimate her Department has made of the potential effect on the price of agricultural imports of concluding trade negotiations with the EU without an agreement on 31 December 2020.

Modelling conducted by Food and Agricultural Policy Research Institute (FAPRI) showed that under a Most Favoured Nation scenario there is a firming in agricultural commodity prices which would likely boost farm incomes. However, modelling carried out by the Resolution Foundation also showed that a similar scenario would increase consumer prices by around 4%.