04 July 2015 | Online since 2003

AMC eases lending to diversified businesses



6 August 2014 11:34:42|Finance,News,Property News,Renewables

AMC eases lending to diversified businesses


A change in the way the Agricultural Mortgage Corporation (AMC) considers loan proposals from landed estates is set to significantly improve the ability of these businesses to access development and improvement funding.

Adrian Cawood from AMC says that while an excellent track record of providing lending to large diversified estates has been established by AMC over many years, some funding applications have proved challenging especially where various enterprises have fallen into different policy categories, potentially attracting a myriad of different terms and conditions.

"We've now been able to overhaul our offering to estate-type businesses, which often combine such varying enterprises as in-hand and let farming, let commercial and residential property, renewable energy, tourism, forestry and sporting activities," he explains.

"Where previously, the loan application may have been split across agricultural, residential, commercial and so on we will in future treat the whole business as one. This will make applications for finance simpler – and ultimately hopefully more successful.

Charlie Forbes Adam, who runs the family-owned Escrick Park Estate near York, has welcomed the changes. Winner of the prestigious RASE Bledisloe Gold Medal for outstanding land management and agricultural estate development in 2013, the Estate has worked with AMC for 20 years and during this time has successfully secured finance for a wide range of ventures.


Mr Forbes Adam says: “This enhanced offering really recognises the unique nature of our business, which includes commercial and residential property, tourism, events, and farming and farm produce retail.

"Before now, we would have been applying under a number of different banners to fund the development of this range of enterprises; now, it's going to be a much simpler process ideally suited to the mix of enterprises we work with."

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


Start Date: 19 June 2015
Job for Permanent Shepherd/Stockman sought on a busy mixed farm in Kent

This role has come available for an experienced stock person to work alongside contract shepherds on a flock of 750 suffolkXm...


Start Date: 18 June 2015
Job for General Farm Worker>>Pitlochry

Working at Balachallan Home Farm, Near Tulliemet, the successful applicant will be proficient in all aspects of suckler cow h...


Start Date: 24 June 2015
Tractor / baler driver required in Essex ASAP for harvest work and possibly full time work. Job based in Essex. 

Tractor and baler driver to join a growing contracting and arable farming operation. Duties will include driving a Krone...


Start Date: 3 July 2015
C151: POULTRY COMMERCIAL MANAGER

A Poultry Commercial Manager is required by our international client who supplies performance nutrition products around the w...


Start Date: 3 July 2015
Job Working Farm Foreman on arable farm>>>>SHREWSBURY

Progressive arable Farmers in Shropshire are looking for a Working Farm Foreman to join our team. We specialis...





Top stories you may have missed
5 June 2015 | Cattle

A strong pound and increased red meat imports coupled with a plentiful dome...


5 June 2015 | Arable

Depression is affecting Wales' farming industry and there is a need to use ...


5 June 2015 | Arable

With just one week to go before the final judging and announcement of the w...


5 June 2015 | Finance

A rural law expert has highlighted the importance of good succession planni...


5 June 2015 | Farmshops

A south Yorkshire dairy farming family is pulling out all the stops to prom...


4 June 2015 | Finance

Predicting what is going to happen to wheat prices is a challenge, but in s...


4 June 2015 | Agri Safety

A Lancashire based livestock theft prevention scheme is aiming to go nation...


4 June 2015 | News

A female farmer has been recognised by the farming and conservation industr...


4 June 2015 | Finance

The new Conservative government appears to be preparing to implement cuts f...


4 June 2015 | Arable

The Rural Payments Agency (RPA) will have mobile support units at the follo...