Diversification News

Ambitious, out of the box thinking comes naturally to Leicestershire farmer David Haynes. Yet, 30 years ago, he hit a brick wall. The farm needed to progress and with the help of financial advice, he changed his farm practices in a brave move that’s still paying off today.

Farms that have adapted their business offering, taking advantage of the right tools and opportunities to do so, have often been able to maintain cashflow via their supplementary businesses.

From September 2020, Cabins, Logs & Pods Ltd are launching the ability for Farming customers to be able to rent out Glamping Pods on a try before you buy basis.

Two fun and fast-paced webinars will explore the importance of building a brand for your farm and guide you through the steps to achieve this.

“Long gone are the days where farmers were strictly farmers; increasingly farmers are entrepreneurs – they’re craft beer brewers, fresh produce sellers, petting zoo operators, wedding venue hosts, clothing retailers and anything they want to be.”

Are you looking to raise finance to fund a diversification plan? Business Finance Brokers Ltd can help you secure asset finance from 12 up to 84 months on projects.

Diversification can be a very positive transition, when approached with the right amount of research and planning, providing a multifaceted business to weather the storms.

As farmers battle a set of unique and complex challenges, the trend for branching out into new revenue streams, outside of traditional farming, is becoming increasingly important.

The project, ‘Diverfarming’, aims to develop and test different cropping systems to increase land productivity and crop quality, whilst reducing machinery, fertilisers, pesticides, energy and water use.

Looking for ways to diversify? We spoke to one company that provides sustainable cabins, making use of existing farmland to generate extra revenue, while a rural specialist provides top tips on planning permission.

As farmers battle a set of unique and complex challenges, the trend for branching out into new revenue streams, outside of traditional farming, is becoming increasingly important.

Farmers are being advised to consider ‘passive’ options for diversification before launching into time-intensive projects.