Finance News

NFU Mutual says it received over two claims per minute at its busiest point due to damage caused by Storm Eunice.

Farmers who wish to leave the industry will be able to apply for a lump sum payment from the government.

A new report has questioned the government’s readiness to deliver the ELM scheme, and raised concerns about its potential impacts for the farming sector.

As the UK marks its first tumultuous year outside of the EU, Farmers Guide reflects on the current situation – the outstanding threats, opportunities and what the future may hold for British farmers as a result.

The Rural Payments Agency says they have paid out just over 97,500 claims, totalling £1.725bn for farmers in the first few days of the payment window, which runs between December and June.

Carbon credits and biodiversity tokens provide farmers with potentially significant new income streams, but how do they work? Louisa Knocker, senior manager at Trinity Natural Capital Markets, explains.

Getting the best value from your farm insurance can be a utopian goal and too often feels it can only be achieved by a compromise in cover. But this doesn’t have to be the case.

NFU has described the Farm Investment Fund as “good news for farmers” but warns that application windows are “tight”.

Critics have noted that there are few specific measures to help farmers in the Chancellor’s latest budget, however some announcements could offer a boost to certain sectors. Farmers Guide took a look at the key points…

An imperfect storm of Brexit and Covid, plus a stronger pound making the EU more attractive for European seasonal labourers, saw casual labour disappear overnight. Suddenly, automation is not just a choice, but a necessity.

Farmers considering planting the carbon negative crop Miscanthus can now benefit from a finance package to cover virtually all upfront costs for crop establishment, as well as new direct, long-term offtake agreements with end-users, with 10–15-year index-linked annual returns.

If you’re a farmer who produces more energy than you use, you’ll have the opportunity to sell your excess power back to the grid as a source of revenue. A Power Purchase Agreement (PPA) could help you achieve best value by agreeing to sell to a third party, often at a fixed price and for a set period.