Farmers: Finance
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps his Department plans to take to provide financial assistance to farmers in debt.
Answered by Daniel Zeichner
The recent ‘Balance Sheet Analysis’ publication highlights that average liquidity in the sector has been consistently improving over the latest five years of data and reached a 10-year high in the latest year of data (2022/23). This suggests that levels of debt in the farming sector are lower than average.
To confirm, we will deliver a resilient and healthy food system, with a new deal for farmers that works for farmers, food security and nature.
The only way to do this effectively is to listen to farmers and others with a stake in our food system, countryside and nature. We are doing this and assessing data and information about what is working and what is not before setting out detailed plans. We will confirm plans for further optimisation and rollout of farming grants and schemes shortly.
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