HROC (agency) - Kubota
Farminguk
27 May 2016 | Online since 2003
OvoConcept


30 July 2014 02:44:11|

Investment in rural economy to rise as UK sees positive growth


Employment and investment will rise next year as the rural economy continues to benefit from a more positive UK economy, according to a survey by the CLA and Smiths Gore.
Data from the Rural Economy Index for the first half of 2014 shows more farming and non-agricultural businesses expecting to increase investment in the next 12 months.
For agricultural businesses, optimism is up six percent reaching a net balance of +42 percent - the highest high since the survey started – as the farming sector continues to recover from its dip in 2012. More farming businesses expect to invest further in their businesses – a net balance of +36 percent, up from six percent.
Non-agricultural businesses have also become more positive about business investments, with a net balance of +46 percent expecting higher investment in the next 12 months, again the highest level recorded by the REI.
CLA President Henry Robinson said: “Investment is vital if the rural economy is to continue to grow and recover. It is a major boost that the survey shows investment is expected to rise in both the farming sector and non-farming businesses.”
Dr Jason Beedell, head of research at Smiths Gore said: “Farming businesses continue to recover from a challenging 2012, and the balance now expect sales and profits to be higher in the next year.
“Just under 40 percent of the non-agricultural rural businesses reported higher sales over the past six months and 58 percent expect sales growth next year - fantastic news for the rural economy as a whole.”

Download





0 Comment


loginuserlogo
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

Canada | 27 May 2016
Southern Ontario farmers launch their own weather network

Southern Ontario farmers are building their own weather network to more accurately record how conditions will affect their crops. The AG Grower Daily Dashboard project is designed to give farmers h...


Australia | 27 May 2016
National Australia sees farmers seeking loans to weather crisis

National Australia Bank Ltd., the nation’s largest lender to farmers, is expecting its dairy clients to seek short-term credit to assist them as slumping milk prices have thrown the industry into a cr...


USA | 27 May 2016
Central Indiana county approves livestock farm restrictions

A central Indiana county has approved new restrictions on big livestock farms limiting where those farms with hundreds or thousands of animals can be built. The ordinance approved this week by the ...


Ireland | 27 May 2016
Dairy farmers' income plight in spotlight

IFA president Joe Healy, who met with EU Agriculture Commissioner Phil Hogan in Brussels, said the majority of dairy farms will be in the red this month. He urged the Commissioner to act without de...


Canada | 27 May 2016
The changing face of Canada's farm industry

Mapping the evolution of Canada's farm industry is not as simple as just examining the numbers. Every five years, Canada's federal government asks us to provide details on who lives in our househol...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password