![]() ![]() ![]() “Everyone needs to change,” says Strutt & Parker’s head of farming Jonty Armitage. Profits need to be made while navigating the changing climate, continuing biodiversity collapse and a cost-of-living crisis, without the safety net of the Basic Payment Scheme (BPS), agree commentators. ![]() The government’s shifting stance on its net-zero agenda and the stop-start nature of policy development have added uncertainty.Īt the same time, the supply chain’s indifference to elevated costs of production is putting additional strain on farm finances and cash management, as well as the ability to plan for a sustainable future. See also: How agriculture policies affect our Arable Insights farmersĪfter the bumper year of 2022, today’s lower commodity prices have resulted in farms feeling the squeeze and investment plans being revisited. So what can be done to improve business resilience and reduce the financial risks? We look at the current advice. Pressures on farming businesses have been mounting this year as Basic Payment Scheme reductions continue and both market volatility and interest rates remain high. ![]()
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