Agricultural businesses exporting to ease financial pressures
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.”
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
Membership of the EU is damaging the British farming industry, according to...
BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...
UK wheat yields have theoretical potential to more than double over the nex...
Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...
The crisis in the dairy industry is not the fault of supermarkets, accordin...
Transport Minister Baroness Kramer visited three rural businesses in Cheshi...
Spearheading the John Deere range of mid-size tractors from Mannheim, the n...
Regular testing for bovine TB could significantly reduce the number of infe...
Single-issue policy-making threatens to hamper, not help, the progress of U...