John Phillips definitely has a head for business and a passion for farming after purchasing Lower Treverward Farm, Clun aged just 27. The investment which exceeds £500,000 supported by Barclays covers 165 acres and supports over 1000 ewes, 220 ewe lambs and 1650 lambs.
John Phillips, said, "I was previously renting land but have always dreamed of owning my own farm. When Lower Treverward became available I went to look never thinking that I would be able to raise the finance to actually purchase the farm. Investing into the farm in the current financial climate was a major financial commitment but waking up every morning on your own land makes it all worth while. Future plans include diversifying into cattle farming and acquiring further land if the right opportunities become available.
Kate Evans, Barclays Agricultural Relationship Director, said, "This is a great example of someone using personal experience and passion for the industry to spot a business opportunity. Barclays research identifies the significant role "young entrepreneurs" play in the economy and as champions of local business, Barclays is committed to supporting such propositions. By using our knowledge and experience within the agricultural sector, Barclays has been delighted to support John and wishes the business every success for the future. We need to encourage more young farmers into the industry and John is a great example to others of how acquiring the right skills and knowledge can prepare you for a future in farming."
John continues "Running your own business is demanding but the freedom to make your own decisions and implement your own ideas are hugely rewarding. There is nothing better than leaning on the railing at Welshpool market and watching your lambs bring in a good price. It may be hard work and long hours combined with the constant worry of how the stock will perform but it’s definitely a decision I don’t regret. Farming is a way of life and hopefully mine for a long time to come. "
