Defra hosts farming summit

Several major banks, farming charities and farming representatives met earlier this week to discuss business risks in the rural economy.

The meeting was called by the environment secretary Owen Paterson at Defra’s headquarters and was attended by HSBC, Lloyds, National Farmers Union and the Addington Fund, among others. It was held in a bid to create conversation between banking experts, farmers, insurance companies and businesses to improve the resilience of rural businesses.

Paterson said: “We should be proud of the fantastic job our farmers do. But this last year has been particularly tough. Farming contributes a huge amount to our environment and our economy. We want to ensure that farmers are able to deal with challenges like bad weather to grow their businesses, create new jobs and help the country compete in the global race.”

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