Farm Business

Dairy Company Pensworth says that it is owed £10 million by Kent Dairy Company and that non-payment of a weekly invoice by the Freshways-controlled business has forced it into administration

Volatility also causes concerns

Declines in pig and poultry output led to a 5 per cent reduction in animal feed production in the five months to the end of November 2022, according to AHDB figures.

Most farming businesses are now looking at diversification in one form or another as a way to add a stable income stream into their businesses in a time of volatility.

The farming industry has hit back following claims by a UK supermarket boss that producers are raising prices unnecessarily.

More than 3,000 people took part in a demonstration on Dartmoor at the weekend, following a High Court ruling to ban wild camping.

Disruption to turkey sales and a desire to celebrate after two Covid disrupted Christmases meant many families turned to red meat over the festive period.

A lack of demand combined with more New Zealand lamb coming into the UK slowed the trade for hoggs last week, but this week has seen prices on the up in many markets.

Store cattle buyers were optimistic on the back of the prime trade, with a flying trade also reported in the rings.

Opportunities in US and China