27 July 2018

Farmer confidence rises in 2018 despite Brexit uncertainty

FARMER CONFIDENCE HAS INCREASED SINCE THE START OF THE YEAR, reports Farming UK.  A new report from Lloyds Bank shows that farmers are feeling more confident of their business prospects thanks to new investments and hiring intentions despite an uncertain political outlook.  The report also highlights that almost a quarter of agricultural businesses do not expect to see any impact if a trade agreement is not reached with the EU.  Indeed, the report highlights that agricultural business confidence has risen 25pts to 32% since the start of the year.  The net balance of farmers looking to grow investment in the next half year rose 14%, with 57% of farmers who do plan to invest saying that they would buy new machinery and equipment.