03 September 1998
Get a grip on business, banks urge farmers
FARMERS must take a firm financial grip on their business and tell their banks just as soon as things go wrong, warns Iain Clark, an agricultural specialist with Clydesdale Bank.
He said: “The severity and speed of the downturn has taken our customers, and to some extent, ourselves, by surprise. Farmers must keep us informed.”
Mr Clark conceded that farming was a “challenge” at the present time. But he did not expect to see a flood of farm sales or a collapse in the price of land.
He was speaking at ANMs Thainstone market.
- Bank warning on losses, FWi, 23 June, 1998
- Scottish farmers owe banks a £billion, FWi, 9 June, 1998
- Farm borrowings on the increase, FWi, 30 April, 1998
- Rumours abound that banks plan to foreclose on farms, FWi, 17 February, 1998
- Farm incomes to get worse before better, FWi, 11 February, 1998
- The Scotsman 03/09/98 page 28