The deal will see Openfield market around 225,000t of combinable crops for Velcourt each year and takes the association between the two companies into a second decade, Openfield’s Graham Lacey said.
He said it emphasised both parties’ desire to build long-term relationships that brought production and marketing closer together. “Velcourt are one of the UK’s most profitable, blue-chip, farming businesses and very professional producers for a range of specialist contracts we supply,” he said.
“We have an experienced and dedicated team to provide services for them and this has resulted in a strong and efficient relationship.”
Velcourt finance director David Teague said Velcourt would be looking to develop further supply-chain initiatives that captured value and continued to improve the company’s market position.