The NFU conference on the 25th of February brought forth a series of DEFRA policy announcements aimed at bolstering the profitability of the farming sector. These announcements are a mix of continuity and innovation, addressing both existing schemes and introducing new initiatives. We spoke to David Kinnersley, our Head of Agribusiness to learn more on his thoughts on how these changes could potentially reshape the landscape of rural businesses.
Among the key highlights were the capital grants, both existing and new, which are designed to support farm-level improvements. The farm equipment and technology fund, grants for productivity and slurry management, and the farming in protected landscapes initiative are all set to receive continued support. Additionally, higher level stewardship, animal health and welfare programs, the farming innovation programme, and the seasonal worker’s scheme were emphasised as critical components of the sector's growth strategy.
A particularly exciting development is the introduction of a new funding stream through the Accelerating Development of Practices and Technologies initiative. This program aims to fast-track the adoption of innovative practices and technologies that can drive efficiency and sustainability in farming operations.
On a broader scale, the establishment of the DEFRA farming profitability unit is an interesting step towards ensuring that profitability remains at the forefront of agricultural policy. We await further detail on what its scope will be. The new requirement for Government catering contracts to prioritise high-quality, high-welfare products from local farms is a welcome move that will undoubtedly benefit local producers. Furthermore, the creation of a National Biosecurity Unit at the animal health facility underscores the government's commitment to safeguarding the health of our livestock and the integrity of our food supply chain.
Since last autumn, farmers and landowners have faced numerous challenges, from market volatility to environmental pressures. The announcements made at the NFU conference are a recognition by the government of these challenges and their approach to providing tangible support. The continuation and expansion of these schemes offer an opportunity to many in the sector, providing both financial assistance and the tools needed to innovate and thrive.
However, with these opportunities come challenges. The implementation of these policies will require careful coordination and support at the local level. Farmers and rural businesses will need to navigate the complexities of these schemes, ensuring they can access the available resources and comply with new regulations. The role of advisory services, such as those provided by Fisher German, will be crucial in guiding businesses through this evolving landscape.
Despite the frustration with the Governments intransigence on the IHT issue, the policies announced at the NFU conference provide a framework for change. However, it will be the collective effort of farmers, policymakers, and industry stakeholders that will determine their success. At Fisher German we are committed to supporting our clients through these changes, helping them to seize the opportunities and overcome the challenges that lie ahead.
The NFU conference has set the stage for a reset in farmers relationship with the Government, but they will need to deliver on their promises to restore farmers confidence. . The focus on profitability, innovation, and sustainability is encouraging, and we look forward to seeing the positive impact these policies will have on rural businesses across the country.
