05 May 2015 | Online since 2003



31 October 2012|Finance,News

Agricultural businesses exporting to ease financial pressures


More than half (55%) of small agricultural businesses are exploring export options in order to ease the current financial pressures, according to a report of 2,000 business owners and managing directors in the UK and Northern Ireland.

The report, independently commissioned by Viking, has revealed the scale of the present difficulties with 27 per cent of respondents from the agriculture sector admitting that things are very hard and they are unsure what the future holds, leading them to explore possibilities for overseas trade.

Despite the current conditions, just over half (52%) feel that there has been an increase in the number of start-ups over the last five years, though 72 per cent feel that there is not enough funding available to sustain the increase in the long-term.


In the majority of instances business in the agriculture sector remains a traditional family affair, with spouses and children directly involved in 83 per cent of them, occupying partnership positions within the company 61 per cent of the time.

“The outlook for the agricultural industry currently is very difficult, with domestic opportunities and funding so tight it is no surprise to see businesses looking to branch out into other markets,” said John O’Keeffe, Commercial Director at Viking.


“As the report shows, many agricultural businesses are traditionally family concerns but now these companies are having to look to broaden their trading horizons in order to survive and ultimately to thrive.”

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


16 April 2015
Director - Chocolate and Dairy Technology Scouting
Deep knowledge and expertise in chocolate industry, dairy industry knowledge a plus. Scout chocolate and dairy technology glo...

23 April 2015
Process Operator X 3 - Southampton
The plant will take liquid sulphur through a series of processes to produce solid sulphur pastilles for use in agriculture an...

15 April 2015
AG Salesman
Sells new, used agricultural equipment services to new and existing customers. Ensures preliminary customer relationship for ...

24 April 2015
Hire Controller
Plant, agriculture, hire desk, hire controller, service controller, plant hire, transport coordinator. Hire Desk Controller (...

23 April 2015
Trials Coordinator
Our client is proud of their organisation because their values make them different. They are committed to safety, teamwork an...



Top stories you may have missed
10 April 2015 | Agri Safety

The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...


10 April 2015 | Dairy

The abolition of milk quotas in Europe on 1st April has resulted in a numbe...


10 April 2015 | Cattle

The top 14 milk producing countries in Europe will increase their productio...


10 April 2015 | News

Matt Ware is the NFU's head of government and parliamentary affairs, based ...


10 April 2015 | Arable

There is a 'desperate need' to improve farmgate returns given low incomes a...


9 April 2015 | Arable

Rapid stem extension, after a slow start to spring, is likely to create spl...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...


8 April 2015 | Cattle

Cogent’s reputation as a source of the highest calibre sires has been enhan...


8 April 2015 | Arable

The spread of exotic and aggressive strains of a plant fungus is presenting...


7 April 2015 | Animal Health

The FSA’s new Food Crime Unit wants the industry to share information, some...