Huge increases in farm input costs pose a massive challenge to UK growers and livestock producers, piling pressure on business cashflows.
Eye-watering levels of AgInflation have seen fuel costs more than double in recent months, with fertiliser prices more than trebling.
Commodity prices too have spiked on the back of global weather concerns and Russia's invasion of Ukraine, one of the world's major grain exporters.
With harvest 2022 approaching in the UK, this episode of the Transition Agriculture podcast examines ways farmers can best adapt to market volatility.
We speak to growers, farm business advisors and agricultural bankers – and find out how farmers can ensure their businesses have access to cash.
We look at the best way to purchase farm inputs, such as feed, fuel and fertiliser – and the options when making major purchases, such as farm machinery.
It comes as farmers face major changes in farm policy, including the phase-out of the basic payment scheme in England, and challenges such as climate change.
Farmers in England can access business support during the early years of the agricultural transition by visiting Defra's Future Farming Resilience Fund.
This episode recorded during a farm seminar held by Oxbury Bank and Ceres Rural on Thursday, 19 May 2022, at Braxted Park, Essex.
This episode hosted by Farmers Weekly Transition editor Johann Tasker. For more details about the Farmers Weekly Transition project, visit www.fwi.co.uk/transition.