To survive, many farmers are diversifying their businesses by opening restaurants, accommodation (or other hospitality operations) or by creating business parks or self-storage centres – all of which need capital investment.
So, what are the alternative financing options available for farmers? In this article, we provide an overview of agricultural finance.
What is agricultural finance?
Agricultural finance covers the funding needs of farmers or other forms of agribusiness. Agricultural finance is available for rural businesses, such as farms, vineyards, fertiliser producers, floral businesses, hydroponics, beekeepers, equestrian businesses, or any other types of nature-related business.
The agriculture sector relies heavily on finance due to the large costs involved in purchasing new equipment, machinery, and vehicles. To make sure that you get the most competitive option on the market, it can help to approach a lender who specialises in your specific industry – in this case, agriculture. As a specialist in agricultural finance, we’re well-placed to understand your circumstances.
To give you an idea of the options available, we explain the main financing options available for agribusinesses below. https://originfinance.co.uk/everything-you-need-to-know-about-agricultural-finance/
