Agri-Shop Ltd
Farminguk
02 May 2016 | Online since 2003
Scrutton Bland


31 October 2012 11:53:00|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





0 Comment


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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

World News

United Kingdom | 29 April 2016
Banned pesticides 'not equally harmful' to bees

The largest field study so far in to the group of pesticides called "neonicotinoids" has concluded that each acts differently on the brains of the bees. One of the chemicals widely considered as be...


Canada | 29 April 2016
Competing ethical meat standards leave Alberta beef farmers in crossfire

Colleen Biggs and her husband, Dylan, own an award-winning livestock operation in Alberta. TK Ranch produces beef without antibiotics, drugs, added hormones, animal by-products and chemical insecticid...


India | 29 April 2016
Govt plans to use quarter of farmland for horticulture

In a bid to gain from Haryana's close proximity to the national capital, the state government has planned to use major chunks of agriculture land for horticulture in the state. The state governmen...


Austria | 29 April 2016
Negative effect on Austrian agriculture

The trade agreement between the US and Europe, TTIP, will have negative effects on employment and the biggest losses in jobs will be in the agricultural and food producing sectors. This is one of ...


New Zealand | 29 April 2016
Suicide concerns rise for farmers as dairy downturn takes its toll

A rise in substance abuse and domestic violence in Golden Bay's rural community raises concerns over suicide as the dairy downturn continues to bite, mental health workers say. Community Mental Hea...



Trending Now

Viewed
Discussed

Farms and Land for sale


Holiday Rentals search



Top stories you may have missed
Username
Password