Source: Farmers Guide
Out of the potential courses of action suggested by the NFU, diversification is one that over two thirds of UK farms have taken up, according to Defra, and over 90% of those claim their diversification has been financially successful.
During the next few years of transition from the Common Agricultural Policy, remaining direct farm payments can be used to invest in a diversification project so now is a good time to plan ahead, says rural diversification leader Appetite Me.
The benefits of diversification are many; future-proofing the business for succession, reducing social isolation, showcasing British produce through shops, hospitality and recreation, whilst reducing the carbon footprint and supporting rural economies through the creation of employment opportunities.
