The auction of a Case IH Silver Anniversary Magnum tractor is set to boost the Prince’s Emergency Relief Fund.

Tractor maker Case IH says the only Silver Edition Magnum 340 to come to the UK will be auctioned for charity later this year. Profits from the sale will be donated to the new fund, which supports farming and rural crisis charities.

The special tractor is a limited edition based on the flagship 374hp Magnum 340 which Case IH has produced to mark 25 years of Magnum production at its factory at Racine in Wisconsin.

The fund aims to raise £1million to help struggling farmers.

The charity says that the recent difficult weather, combined with other pressures, has led to some farmers’ incomes falling by more than 50% this year, increasing the pressure on already hard-pressed rural charities. It is the brainchild of the Prince of Wales, who has a long-held commitment to supporting Britain’s rural areas.

Charles Blessley, UK marketing manager for Case IH, said: “Our business has been built on meeting the needs of the farming sector, so we are delighted to be able to assist the Prince’s Countryside Fund. Raising money for such a worthy cause is a fitting way to recognise a landmark in the history of a tractor which has made such a valuable contribution to UK agriculture.

Victoria Elms of the Prince’s Countryside Fund added: “We are delighted to have Case IH’s support towards our ultimate goal of raising £1m to benefit farmers who are suffering at this difficult time.”