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Types of Agricultural Finance

Running a farm is very different from running another type of business. Agricultural businesses require a large amount of land, a lot of expensive machinery and numerous vehicles. Furthermore, farming funding is under question after Brexit, along with international trade, so farmers know the road ahead will be rocky. To keep afloat, more and more farmers are turning to agricultural finance as a means of staying in business.

If you are thinking of starting a farm, or your current agricultural project needs some TLC, your first line of thinking will be funding and financing. Although some farms are eligible for rural grants and government funding, much of these are supported by the EU.

With Brexit going ahead early next year, farmers may not be able to rely on this funding for much longer and should seek information about other funding options.

Agricultural businesses can be successful when they are in the right location and offer produce which is in demand. However, these rural projects require a lot of investment to get off the ground, which can be difficult to find. If your farm needs a funding injection, or you need some capital for a new rural site, there are many alternative financing solutions you could be eligible for.

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