How “Brexit” Will Affect The Horticulture Industry

How “Brexit” Will Affect The Horticulture Industry

Ian BaldwinThe news this week of Great Britain’s departure from the European Union has sent shockwaves through many industries, including horticulture. Here’s a look at the potential effects of “Brexit” across the horticulture and floriculture industries, among others.

• A report from FloraCulture International says the key word is “uncertainty.”

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“No one can know what trading arrangements will be agreed upom between the UK government and the EU, or how long it will take for agreement to be reached,” the report says. “British growers produce only about 15% of the cut flowers sold in supermarkets and by other retailers. They might be expected to welcome future conditions that could make for a less favorable situation for imports that compete with their own production. So how do they feel about the prospect of Brexit? In practice, many of them have wide-ranging anxieties about the consequences of their country no longer being a member of the EU.”

Rabobank recently produced a Q&A on how the Brexit developed, and the potential long-term effects, and next steps.

An article first published by AGF, which covers the European produce industry, directly addresses how the greenhouse industry overseas will likely respond to Brexit.

AgriBusiness Global, a Meister Media Worldwide brand, looks at the effects of Brexit across the crop protection industry.