Does growing your own food make economic sense?

Worried about the rising price of food? Tom Bulford investigates the economics of growing your own. Allotments have long been popular and now only cost around £20 a year. So, should we start ‘Digging for Victory’ again?

Should I have an allotment? This is the big question in the Bulford household. My wife, fresh vegetable lover that she is bless her heart, is all in favour. My children, who have never heard the saying all a gardener needs is a cast-iron back with a hinge in it' and would like to see me out of the house, are keen too.

But much as I enjoy a potato with the mud still on it or a leek nourished by Oxfordshire soil, I am an economics man. Does this make financial sense, I ask myself? Forget the health benefits of fresh air and the energetic wielding of spade and trowel. Forget the joys of organic vegetables which if I am perfectly honest often taste worse than the chemically-enhanced supermarket variety. The question is could I be earning more by digging and hoeing, and planting and harvesting than I can from sitting here at my computer?

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek

Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International, he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund.