Saturday 26 May 2012
Headlines
Did you find this story interesting? (0) (0)
02/02/2011 14:56:33
Agricultural machinery investment optimism
A recent Barclays Business survey has shown that about half of UK farmers (47%) plan to spend more on new and replacement machinery in 2011 than in the previous year, with about a quarter planning to spend less. The expected increase in investment could be signs of cautious confidence returning to the agriculture sector.
The survey of farmers attending the 2011 LAMMA event, the UK’s leading farm machinery and equipment show, also revealed that despite increasing their year-on-year spend, only one in ten planned to invest more than £100,000. About half were expecting to invest between £25,000 and £100,000, while about two-fifths plan to spend less than £25,000.
Commenting on the findings, Martin Redfearn, Head of Agriculture at Barclays Business, said:
"Current high prices for combinable crops have boosted the confidence of many in that sector. Forward prices also look encouraging so we are not surprised that many farmers are planning a higher spend than last year. However the livestock sector is still likely to pay a high price for feed based on the same forward prices with little prospect of big reductions in this major cost area in the near future. Livestock farmers might well have accounted for many of the more modest investment plans."
Barclays Business agricultural managers attended the LAMMA event to discuss business strategies with farmers and to help then understand how making regular planned investments in machinery and equipment can encourage growth in their businesses.
The Barclays Business Agriculture survey covered 92 respondents who between them manage 34,000 hectares.
The survey of farmers attending the 2011 LAMMA event, the UK’s leading farm machinery and equipment show, also revealed that despite increasing their year-on-year spend, only one in ten planned to invest more than £100,000. About half were expecting to invest between £25,000 and £100,000, while about two-fifths plan to spend less than £25,000.
Commenting on the findings, Martin Redfearn, Head of Agriculture at Barclays Business, said:
"Current high prices for combinable crops have boosted the confidence of many in that sector. Forward prices also look encouraging so we are not surprised that many farmers are planning a higher spend than last year. However the livestock sector is still likely to pay a high price for feed based on the same forward prices with little prospect of big reductions in this major cost area in the near future. Livestock farmers might well have accounted for many of the more modest investment plans."
Barclays Business agricultural managers attended the LAMMA event to discuss business strategies with farmers and to help then understand how making regular planned investments in machinery and equipment can encourage growth in their businesses.
The Barclays Business Agriculture survey covered 92 respondents who between them manage 34,000 hectares.
No Comments
Nobody has posted any comments on this story.
|
Farming items for Sale
|
Used Massey Ferguson 2008 MF8480 - Barnack
(Price on Application)
(Price on Application)
Ford 8340 SLE - Ballyclare(GBP 13200)
John Deere - 6820 TRACTOR 2002 - Norwich(GBP 22000)
John Deere 4250 - Narberth(GBP 11400)
Kubota 128S - Biddenden
(Price on Application)
(Price on Application)
Related News
Agricultural machinery rings in merger talks - 15 Apr 2008The directors of Eastern Agri-link Ltd and Norfolk & Waveney Machinery Ring (NWMR) have announced that they will be discussing merger proposals with t...
Agricultural Machinery & Equipment Show - 25 Jan 2011The second Agricultural Machinery & Equipment Show is to take place 2nd February 2011 at The Bath & West Showground. This year the Show will welcome t...
Agricultural machinery up for sale in Sheffield auction - 15 Sep 2011Machinery and vehicles from a Sheffield agricultural business are being offered for auction. Auctioneers Charterfields have been appointed to sell...
International agricultural investment company purchases prominent UK organic farm - 01 Jul 2006Leading UK organic farm Lower Pertwood Farm, Wiltshire, has been bought and is now being managed by Worldview Investment Ltd, a diversified agricultur...
BPI announces major investment in agricultural films division - 14 Nov 2007British Polythene Industries PLC (BPI) has announced a major investment of €8 million in its agricultural films division with the installation of two ...
More fund investment in agricultural markets in 2008 - 10 Mar 2007Further fresh investment is seen flowing into agricultural commodity markets into 2008, with overall supply/demand fundamentals seen dominating price ...
Sri Lanka needs more agricultural investment to boost productivity - 30 Jan 2008The World Bank says Sri Lanka's agriculture needs more investment to diversify into high value products and boost productivity in order to reduce ...
Investment in agricultural research declines by 35% - 15 Mar 2008The Pakistan Agriculture Research Council (PARC)'s Board of Governors was informed on Friday that investment in agricultural research has declined...
Agricultural foundation celebrates 100 years with £1million office investment - 26 Jan 2009The Morley Agricultural Foundation – a Norfolk based charitable organisation – has just opened a new business centre at a cost of £1 million. Mo...
Russian Agricultural Division international partners turn to land investment - 01 Jun 2009Russian Agricultural Division (www.radcorp.ru) says it significantly enlarged the list of prospective strategic and financial partners to invest in co...
