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.
Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...
As the country settles down following the turmoil of the general election, ...
New research from the Universities of Bristol and Cambridge has found that ...
A new publication to help farmers prevent sheep lameness and offer advice o...
The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...
The UK is now third in the global rankings for utility-scale solar energy a...
A recent Rural Watch demonstration and information event gave Farmers’ Unio...
Retailers should confirm their commitments to sourcing UK lamb this season,...
A leading retailer has apologised after selling imported lamb in a Borders ...