The Agricultural Mortgage Corporation (AMC) are the largest provider of long-term agricultural finance in the UK. Their agents report that there has been a marked increase in the number of tenant farmers taking out long term borrowings to fund the purchase of farms they have historically rented. The trend has been prompted by rising land prices which have tempted many landlords to put their farming estates on the market.
The farming sector has remained strong during the financial downturn and many people believe that now is the right time for farmers to invest.
Mike Taylor, Senior Partner of AMC Agent Barbers Rural, comments: " Whilst variable interest rates are at an all time low, fixing your interest rate needs careful consideration as one can only imagine that rates will rise. It is just a question of how fast and how high."
For more information on how AMC can help your business visit the farm finance page on our website.