Agricultural Finance | Farm Machinery Finance | Origin Finance

Agriculture contributes billions to the UK economy. In fact, it added as much as £13.9 billion in 2022. It also feeds and clothes the nation, rears our animals and plays a significant role in protecting our natural environment. And yet, it’s been a tough time for many who own agribusinesses. The way that farmers finance their operations has changed, with Britain moving away from EU subsidies to a range of new UK grants and programmes. Unfortunately, the transition to post-Brexit agricultural funding has been painfully slow (the new funding measures were revealed almost *five years* after Britain had left the European Union). There are also concerns that the new payment plans offered by the UK Government favour larger arable farmers, leaving smaller farmers in a potentially tricky position. To survive, many farmers are diversifying their businesses by opening restaurants, accommodation (or other hospitality operations) or by creating business parks or self-storage centres – all of which need capital investment. So, what are the alternative financing options available for farmers? In this article, we provide an overview of agricultural finance.