The UK has voted to withdraw its EU membership (Brexit). Agricultural markets in the UK and the EU27 are closely connected but Brexit may change this. We analyse potential impacts of Brexit in both the UK and the EU and conclude that:

• In the UK, food prices will increase, making consumers in the UK the biggest losers.
• The losses to consumers could be offset by reduced payments to the EU27 and gains for producers as prices increase in the UK.
• In the EU27, declining food prices would benefit consumers but reduce producer income.

The results in this Policy Brief are based on: European agriculture after Brexit. Does anyone benefit from the divorce? AgriFood Working Paper 2019:1