TITLE

Cash-flow pressure adds to dairy borrowing figure

AUTHOR(S)
Ashbridge, Ian
PUB. DATE
September 2008
SOURCE
Farmers Weekly;9/12/2008, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that pressure on cash-flows has added £22,000 to the average British dairy farmer's borrowings, according to figures from consultant Promar. Its Farm Business Accounts survey shows the average dairy farm's profit grew sharply in 2007, but was still insufficient to cover drawings, tax, pension contributions and reinvestment. Farms were facing the twin pressures of a shortage of cash--caused by higher input costs and tighter trading terms--and an acute shortage of skilled farm labour.
ACCESSION #
34397563

 

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