An article in The Guardian newspaper has reported that there is likely to be a Christmas turkey shortage if EU workers not allowed in to work in British Poultry farms.
Poultry farmers are urging the government to lift travel restrictions to allow hundreds of specialist EU turkey pluckers to fill jobs in the UK, with a warning that there could be a shortage of birds or higher prices if the restrictions are not waived.
The proposed exemption would cover at least 1,000 seasonal workers who normally travel from Poland, Romania, Hungary, Bulgaria, the Czech Republic, Slovakia and Slovenia at the end of October to help slaughter, pluck and prepare birds destined for UK Christmas dinner tables. It says workers with typical two-month contracts will not come if they have to quarantine for two weeks upon arrival, even if they are provided with Covid-secure accommodation and “work bubbles”.
With lockdown forcing smaller festive gatherings, farmers are finding it difficult to predict consumer demand, and there are fears that larger birds will be out of favour.
Chicks – or poults – typically ordered in February grace the Christmas dinner table as fully grown birds the following year. According to the Department for Environment, Food and Rural Affairs (Defra), between January and June 2020 there were 6.2m poults being reared on farms, compared with 6.1m in the same period in 2019.
Intensive meat processing plants have already fallen victim to outbreaks of Covid-19. A thousand staff at Bernard Matthews’ facility in Holton, Suffolk, have been tested after 72 colleagues were found to be Covid-19 positive.
Commercial Bridging Loans for Farms from Richmond Asset Finance
As a lender that specialises in providing fast, non-status farm finance and farmland loans, including Commercial Bridging Loans, Richmond Asset Finance can help you develop your agricultural business.
Agricultural financing is available for the purchase of land, while dedicated farm development facilities are available to provide loans and finance for barn conversions, new build developments and refurbishment projects. Richmond Asset Finance can help with your Commercial Bridging Loans.
Short-term farm and land loans are available to farmers and landowners for any business purpose, provided that you have suitable property (buildings or land) to offer as security (1st or 2nd charge) and a credible plan to repay the loan.
Richmond Asset Finance can help you with agricultural finance for the following:
- Tractors & self propelled
- ATV & RTV
- Grassland machinery
- Cultivation machinery
- Drilling & planting machinery
- Harvest machinery
- Livestock handling systems
- Robotic milking systems
- Grading lines
- Farm security
- Food processing units
- Bottling plants
- Livestock feed systems
- Irrigation equipment
Richmond Asset Finance can finance any new or used piece of agricultural machinery and equipment with no age limitation, supplied by either a specialist agricultural dealer or bought privately through a fellow farmer or auction. Manufacturers subsidised finance is periodically available through Richmond Asset Finance based in the North West, Leeds and Yorkshire.
We can finance any make and model of agricultural plant and machinery irrespective of age, please contact us with your requirements on 0113 288 3277
Richmond Asset Finance are leading providers of finance to farmers and rural businesses in the North West, Leeds and Yorkshire. We understand and know the needs of the agricultural community and of specialists are here to help.
Unlike many commercial finance brokers and lenders offering finance to farming and rural communities Richmond Asset Finance has a genuine understanding and interest in agriculture, the countryside and rural communities.
Richmond Asset Finance help with Rural Finance including:
- Livestock finance
Our livestock experience covers dairy, beef, sheep and poultry. Our facility can be used repeatedly for auction purchases, B&B, heifer replacement or even new infrastructure.
- Property renovation and repair
We provide loans to help renovate and repair property assets, which result in capital appreciation or income generation.
- Recovery and restructure
We understand the need to take control and rationally plan when financial pressure is acute. Our facility can provide a window to achieve this.
- Renewable energy
We have considerable experience in financing AD, hydro, solar and wind power, for construction or operation.
- Farm Diversification
We understand the need to create new revenue streams and support all types of business diversification, from holiday lets through to farm shops or new crops.
- Purchase of land
We help farmers move quickly to secure land and expand their business, as acreage may come available at any time and often at short notice.
If you have an enquiry regarding rural and agricultural finance, contact us today.
Loan and credit card payments to be frozen for three months in UK.
The financial regulator has announced plans to freeze loan and credit card payments for up to three months as part of emergency measures for consumers impacted by the coronavirus outbreak. They have also announced plans to help businesses that are struggling in the current climate.
The new measures which could come into force by 9th April is aimed at consumers and renters who are not benefiting from existing relief measures that have targeted homeowners – with mortgage payment holidays – or business owners.
The FCA has advised that banks and credit card providers will have to ensure that consumer credit ratings are unaffected by any of the measures.
If you are looking for a loan or bridging finance for your business in the agricultural sector. Feel free to give us a call or email us today and we will be happy to help!
Do you aspire to live in the country, where your partner will continue to work and you want to run a smallholding or are you starting a farm business?
Richmond Asset Finance often receives enquiries from customers who want to start a farm and we have the ideal farm loan for this type of scenario, whether short or long term Richmond Asset Finance can help.
Obtaining farm finance can be difficult, especially where accounting information may not be good enough for the banks.
You may qualify for finance on a long-term basis through Richmond Asset Finance, but we also have a great farm selection of loan products that fits the bill for a farm start-up.
What is farm finance?
An all embracing term we use to describe all types of farm and agricultural finance we arrange in the rural and country business sectors, which can also be described as agricultural finance, equestrian finance, land finance and horticultural finance, a farm mortgage or farm loan. Farm finance can be provided for farms of any size (with our without a farmhouse), holiday complexes, caravan parks, caravan sites, estates, land, buildings, working farms, non-working farms, nurseries, garden centres, smallholdings, estates, fisheries, farm shops, riding schools and generally all manner of rural properties or in some cases not so rural.
Why Richmond Asset Finance?
- A well-established and reputable company.
- A great team that will help you with every query you may have.
- Hands on and experienced.
- We work in partnership with our customers to help them achieve their goals.
- References are readily available.