One in five UK farmers plans to diversify to remain financially sound after Brexit says new research.
Conducted by NFU Mutual, the research found that of the 62% of UK farmers who have already diversified, over nine out of ten projects have been financially successfully, showcasing the increasingly important role of diversification in the sustainability of many farm businesses.
Farmers with established diversification businesses were surveyed by NFU Mutual to gain insight into their experiences, as well as farmers currently solely involved in farming activities to understand their attitudes and plans for future diversification.
The most common diversifications to date include:
You may also like:
Conducted by NFU Mutual, the research found that of the 62% of UK farmers who have already diversified, over nine out of ten projects have been financially successfully, showcasing the increasingly important role of diversification in the sustainability of many farm businesses.
Farmers with established diversification businesses were surveyed by NFU Mutual to gain insight into their experiences, as well as farmers currently solely involved in farming activities to understand their attitudes and plans for future diversification.
The most common diversifications to date include:
- Renewable energy (29%)
- Property letting (15%)
- Holiday lets (12%)
You may also like: