farm business income

Exmoor farmer Robin Milton said ‘trust and confidence in SFI had been wrecked' and it would take ‘some exceptionally good assurance' before many farmers would trust integrating it into their business again

In today's Farming in Five, chief reporter Rachael Brown analyses the fall out from the closure of the Sustainable Farming Incentive (SFI), with the Farming Minister telling MPs that farmers were not given notice on closure as it would have led to a 'further spike in applications'. The National Trust says Defra's decision to close SFI to new applications will leave farmers facing a 'four month funding gap'. And she takes a look at the NFU's farmer confidence survey which is reportedly at an 'all time low'

Dairy incomes for the period April 2023-March 2024 plummeted 59% as milk prices dropped, according to Welsh Government figures

Mr Reed said: "Food production will always be the primary purpose of the farming sector, but for all farm businesses, tenants, upland and others, to stay viable in an increasingly uncertain world and to make sure they can keep producing the food we all need, they must be able to profit from other activities"

As former NFU dairy board chair Michael Oakes embarks on a new challenge in beef, FG's chief reporter Rachael Brown speaks to him about leaving dairy and the future of the sector

Graham Redman, partner at agribusiness consultants The Andersons Centre said the business aspect of farming was pressing on the farming community ‘even more so than ever before', and he urged farmers to look beyond the headline figures on Government environmental schemes, which he said could look appealing but came with ‘obligations' and ‘costs'

The banking organisation has launched its 'Sustainable Farming Pathway' with the farming charity, Linking Environment and Farming (LEAF)

With the exception of grazing livestock and specialist pig farms, average FBI is forecast to fall in 2023/24

Diversification has been highlighted as an important part of family farms being fit for the future, but planning permission has been a stumbling block for many

Exceptional volatility has been the key theme for 2022/23 farm business incomes in England, with huge differences between the sectors