Archive Article: 2001/02/23
IN BRIEF
uFARM borrowings fell £220m in the last quarter of 2000 to total £7.76bn, according to figures released by the Bank of England last week. The year-on-year change shows borrowings have grown by 3.5%. "This is a better indication of the underlying position and shows farmers have done a fantastic job at controlling cash flow under severe income pressure," says Steve Ellwood, head of agriculture. Money held on deposit rose by £100m, which reflects the position of many strong, well managed and efficient operations, he says.
uMILK producers wanting up-to-date information on a range of statistics and facts relating to dairying can get a copy of the latest edition of Dairy Facts and Figures published annually by The Dairy Council. The publication includes figures on the consumption of dairy products in the UK and Europe, identifying market trends, and summaries on the marketing of milk and its consumption. Copies are available for £50 from The Dairy Council, 5-7 John Princes Street, London, W1G 0JN, or from Ian Wakeling (020-7659 7307). *