Why The Prince’s Farm Resilience Programme?

“It is a good thing to stand back and look at the business with a critical eye every now and then. The past week has seen me look hard at various aspects of the farm where changes can be made to be more efficient.”

The past few years have been a very challenging time for the farming sector. Years of declining farm gate prices has put an unprecedented strain on these businesses, and in 2015 the average farm income fell below £20,000 for the first time since 2007.

Research carried out by The Andersons Centre for the Fund demonstrated that the problems affecting farms have become so extreme that one in five were unable to pay their short term debts. These cashflow problems have implications for the wider community, leading to work drying up and redundancies looming.

This is combined with the background of continuing uncertainty about the future of UK farming policy and funding as we prepare to leave the EU, for which many family farms are simply not equipped to cope, whether that be financially, technically, or emotionally. During this period of transition the Fund is committed to helping assist vulnerable farming families to prepare for change, and build more resilient businesses capable of being successful in a changing environment. By taking part farmers will be able to build their confidence in their own business and identify the next steps and changes needed for their farm.

Our research commissioned from the University of Exeter into the viability of the small family farm explored the longer-term prospects for family farms. Through this programme we address some of the issues by providing essential information, handy tips and advice.

 

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