Economy
The majority of agriculture in Suffolk is either arable or mixed. Farm sizes vary from anything around 80 acres (32 hectares) to over 8,000. Soil types vary from heavy clays through to light sands. Crops grown include winter wheat, winter barley, sugar beet, oilseed rape, winter and spring beans and linseed, although smaller areas of rye and oats can be found in lighter areas along with a variety of vegetables.
The continuing importance of agriculture in the county is reflected in the Suffolk Show, which is held annually in May at Ipswich. Although latterly somewhat changed in nature, this remains primarily an agricultural show.
This is a chart of trend of regional gross value added of Suffolk at current basic prices published (pp. 240–253) by Office for National Statistics with figures in millions of British Pounds Sterling.
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 7,113 | 391 | 2,449 | 4,273 |
| 2000 | 8,096 | 259 | 2,589 | 5,248 |
| 2003 | 9,456 | 270 | 2,602 | 6,583 |
Well-known companies in Suffolk include Greene King and Branston Pickle in Bury St Edmunds. Birds Eye have their largest UK factory in Lowestoft, where all their meat products and frozen vegetables come from. Huntley & Palmers biscuit company are now in Sudbury. The UK horse racing industry is based in Newmarket. There are two USAF bases in the west of the county close to the A11. Sizewell B nuclear power station is at Sizewell on the coast near Leiston. Bernard Matthews Farms have some processing units in the county, specifically Holton. Southwold is the home of Adnams Brewery. The Port of Felixstowe is the largest container port in the United Kingdom. Other ports, are Port of Lowestoft and port of Ipswich run by Associated British Ports. BT has its main research and development facility at Martlesham Heath.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)