CKD Galbraith Believes Now Is A Good Time For Investment In Farm Infrastructure
The need for continued investment in farm infrastructure is imperative in realising the long term opportunities the growing demand for food will offer farmers in Scotland according to CKD Galbraith.
Recent years of variable weather have highlighted the importance of having good grain storage capacity, often linked with grain drying systems, so as to mitigate against some weather related impacts.
Being able to sell grain out of store when prices are good rather than being forced to sell ‘off the combine’ at the prevailing price because of lack of storage is a key determinant of financial success.
Many producers, whether livestock or arable, are realising the positive impact that modern buildings can have on enterprise profitability.
Beef and sheep producers also realise the ‘management time’ benefits a well designed housing system can have. A good shed that incorporates proper handling systems can be a real time saver. In an increasingly competitive sector and where supply contracts are a feature then attention to detail are key elements.
The Agricultural Mortgage Corporation (AMC) has secured access to European Investment Bank (EIB)* funds meaning it can currently offer a 0.65% discount off its normal pricing for eligible farm and rural business investment projects.
Robert Taylor, AMC agent at CKD Galbraith, said: “Farmers are realising that the current historic low borrowing rates and discounted lending schemes, combined with the temporary increase in capital allowances, can offer a real opportunity for value for money investment in a range of projects.
“The EIB discounted loans available from AMC could be especially useful for those farmers looking to improve buildings which may have become dilapidated and do not meet the needs of today’s modern farming systems and enterprises.”
Whether trying to deliver against a supply contract, meeting regulatory or cross compliance requirements or just needing to replace a worse-for-wear shed, now could be a great time to improve your farm’s prospects.
To discuss your loan proposal in confidence please contact Robert Taylor on 0800 38 99 448 or email firstname.lastname@example.org for more information.
* The aim of the EIB is to make funds available to small and medium size businesses, including farming, to encourage investment to improve productivity and competitiveness.