Sunny

Sunny

max temp: 16°C

min temp: 12°C

ESTD 1874 Search

WIN A NEW HYUNDAI i10 - See the EADT on June 8 for full details

East Anglia/UK: Farmers ‘optimistic’ in spite of falling crop prices

06:00 31 July 2014

Aerial Shot of combine loading barley into trailer and also from the harvester itself

Aerial Shot of combine loading barley into trailer and also from the harvester itself

©mgphotography2014

The majority of farmers remain optimistic about future growth in spite of falling crop prices, a survey has found.

shares

The second in a series of agricultural surveys conducted this year by MHA, a UK-wide group of accountancy and business advisory firms, found that 69% of farmers were expecting to see growth in their business, and 51% were planning to increase their acreage.

The MHA Agriculture Insight Survey was first conducted at the Lincolnshire Agricultural Machinery Manufacturers Association (LAMMA) in January and re-run at Cereals 2014, which took place at Duxford in Cambridgeshire in June. Collectively the surveys took into account the views of more than 200 farmers nationwide.

Succession planning was a concern which is moving up the agenda for many respondents, the study found.

European Union predictions earlier this month that the European cereal harvest is set to beat the average for the second year running may be part of the reason for the optimism amongst those surveyed, outweighing the impact of recent drops in commodity prices.

However, farmers were feeling the squeeze on their margins, and they complained of a shortage of available land for those looking to expand their businesses.

David Missen, head of the MHA Agriculture Group said the optimism the survey shows was slightly at odds with the recent falls in cereals prices.

“The key figure for farmers is price x yield and we would hope the yield for the 2014 harvest will be exceptionally good,” he said.

“Although the recent falls in the price of both cereals and meat was a key topic of conversation, it is encouraging that there is an underlying optimism as we go into harvest. For those looking for expansion however, the availability of the right land at the right price remains a barrier to expansion as land prices continue to rise while supply remains static.”

Aside from the concern about available land, planning for the future of the business is a worry for many. 17% of those surveyed at Cereals felt that succession planning was a “great concern” and an additional 39% acknowledged that this was of “some concern”.

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Welcome to summer, an almost deserted promenade at Felixstowe.

Despite a miserable start to the week, warm weather is still set to come to the region this weekend.

Firefighters attend Thetford blaze.

A man in his 40s has been taken to hospital after a fire in Thetford.

David Fackerell, 60, of Kendall Road, Colchester

Essex Police have called off the search for a man who went missing this afternoon from his home in Colchester after he was found safe and well.

Road closed due to fallen tree and power lines.

The A120 was closed between Coggeshall and Marks Tey earlier this evening after a fallen tree brought down power cables.

An 
Abellio Greater Anglia train.

Current Greater Anglia rail company Abellio faces a challenge from two former operators for the region’s new franchise which is due to start next year.

Liquid, Ipswich

Two men involved in a scuffle at an Ipswich nightspot have been ordered to carry out unpaid community work after pleading guilty to charges against them.

Elmswell Butchers have won awards at a national competition. L-R: Alastair Angus, Terry Clayden and John Simpson.

A west Suffolk butchers can boast some of the best bangers in the country after winning several awards at a national show for the second consecutive year.

A fire spread to homes on Shaddick Road in Reydon Monday afternoon causing an evacuation of neighbouring houses.

Firefighters are still investigating the cause of a fire which spread from a caravan and ripped through two homes, leaving them heavily damaged and their roofs completely destroyed.

Charles Kennedy with former Colchester MP Sir Bob Russell.

Former Colchester MP Sir Bob Russell has led the regional tributes to former Liberal Democrat leader Charles Kennedy who has died at his home in the Scottish Highlands.

Bury St Edmunds

The County Court is already handling half of region’s applications from Brighton to Norwich.

Most read

Most commented

Topic pages