Arable farm profits improved sharply in the last twelve months
Bidwells’ Rural team has released its annual Contract Farming Results paper analysing financial results from contract-farming agreements. These show that net profits rose sharply in the last year, leading to better returns for farmers and contractors.
Bidwells’ analysis of contract-farming agreements is the most comprehensive of its kind and covers nearly 14,000 hectares of mainly arable land.
Ian Ashbridge, farm business consultant and a partner with the firm comments:
“These final results from the 2017 harvest, the last sales from which have been made this spring and summer, and they show the best performance for three years, to some extent reflecting a turnaround in arable farming profitability”.
“Stronger crop prices and slightly higher support payments contributed to a significant improvement in total income, which climbed £177/ha in 2017-18".
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