Farming Diversification

With over 100 years supporting the farming community we’ve seen a lot of change so understand the importance of diversification to the farming industry.

Our evidence indicates that those who have diversified are doing so in order to generate additional income, with the most common forms of activity being letting empty buildings for non agricultural use such as offices, rooms and storage. Other popular diversified businesses include solar energy, hospitality and retail.

Our Farm Select policy can cover a wide range of diversified businesses, and your local Agent is on hand to discuss whether diversification is for you.

You can register for a copy of our new Diversifaction Report, by submitting your details below. Once the report is ready, we will email this to you.

The Diversification Report will be a guide to current farm diversification opportunities, including expert analysis of costings and feasibility and detailed information on risks, insurance and farm business and tax implications.

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Key Consideration to Diversifcation

  • Why you want to diversify
  • The implications on your time, your core farm business activities, cashflow, staffing, potential liabilities etc.
  • Information about skills, resources and market conditions that you have gained from other local farmers who have diversified
  • How much the diversified business will cost to set up
  • How you will finance it
  • How profitable it will be
  • How to market it
  • Legal requirements, tax and national insurance issues.