Look to invest long term in technology at LAM

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News article

Look to invest long term in technology at LAMMA

January 2014

long term technology at LAMMA
Farmers heading to the national LAMMA farm machinery show on 22 and 23 January at Peterborough should weigh up their equipment and technology needs four to five years’ hence – not just now – to help them build a “fit for purpose” long-term investment strategy. 
 
Tim Shuldham from AMC agents Fisher German says the top-performing businesses recognise the need for an ongoing investment programme. Lenders are likely to be especially supportive where that investment improves long-term productivity and efficiency or the technology helps increase business resilience.
 
For example technology that helps manage the impact of the extremes of weather, such as that experienced over the past few years, and recent innovations in precision farming will be high on the agenda for many.
 
“Management of water resources is a hot topic – whether too much or too little,” Mr Shuldham explains. We need only to think back to 2012 – which saw both the wettest spring and driest summer – to appreciate how building or improving drainage, irrigation or water storage infrastructure can reduce long-term risk. This needn’t just mean laying more pipes – it can be about investing in equipment to allow flexibility of tillage methods that improve the way water is retained or moved through the soil profile.
 
Precision application of sprays or fertilisers present opportunities to cut waste and use expensive resources more efficiently, and the new range of tractors with CVT engine technology are a good-news story, improving efficiency and reducing emissions.
 
There’s no doubt that the ability to maintain business investment year in and out is one of the key characteristics of a successful farm business and according to AMC, lending for farm improvements consistently comes out as one of the top three reasons why farmers borrow .”
 
For further information please contact Tim Shuldham 01777 860755. Alternatively, join us at LAMMA in Hall 7 Stand 7136, where the team will be on hand to listen to ideas and plans, and provide suggestions on how investment programmes for any individual farmer can be structured to meet their needs. 
 

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