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is the weather and neither individual farmers
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control of it. What farmers can do is adapt
and change to climate patterns which could
include livestock management systems,
changes in cropping, or complete rotations.
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shows and events has shown that over
60% of farmers we talked to have either
already changed their farming patterns or
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adaptability is the key to ensuring a business
can survive when something not within
its control changes, be that as an instant
reaction to the direct results of the weather,
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strategic view of overall business operation
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total facilities to the industry in the Bank of
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many farmers have taken the opportunity to
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and invest in the infrastructure or size of their
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when the base rate will begin to increase.
However, managing the potential for an
increase in base rate, and therefore overall
interest payments, and knowing how that
will affect your business is one of the key
calculations to ensure the level of borrowing
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apply a sensitivity analysis to milk or grain
price variations, when you have little control
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world of farming in recent years is a far cry
from the perception of those with a more
traditional view of our industry. Many believe
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production cycle terms it can be. However,
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seed, spray and fertiliser rates and electronic
climate control of pig and poultry buildings,
to name but a few, are an indication of the
innovation and technology the industry
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constant modernisation of the industry will
not only drive investment within the farming
community, but also help to attract the
farmers and innovators of tomorrow.
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cannot ignore the
environmental impact
on its fortunes,
having to respond to
both environmental
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and more localised,
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weather patterns. Resilient as ever, the
sector adapts to accommodate all of this.
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issues, agricultural businesses must be
assured that they are fully funded in order
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time be sure of the affordability of this
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thereof, both at the current time and into
the future.
Philip Dunn
Partner
01652 654833
philip.dunn@brown-co.com“Over 60%of farmers we talked to have either already changed
their farming patterns or are currently considering doing so.
This adaptability is the key to ensuring a business can survive”.