What banks look for in a diversification business plan

摘要

The phased removal of the Basic Payments Scheme and higher costs across agriculture are encouraging many farm businesses to look at diversifying.Farm businesses often have assets, such as land, they can borrow against, making the agricultural sector an attractive industry for banks to lend to. Euryn Jones, HSBC UK's deputy head of agriculture, said there was no shortage of capital to lend to thesector and farmers changing their business models were very often successful.