Bank lending slows down to farms

Want to read more?

We value our content and access to our full site is only available on subscription. Your subscription entitles you to 7-day-a-week access to our website, plus a full digital copy of that week’s paper to read on your pc/mac or mobile device In addition your subscription includes access to digital archive copies from 2006 onwards.

Already a subscriber?
Subscribe Now

The total lending from banks to Scottish agriculture over the past year has slowed down, according to statistics out his week.

Outstanding debts to Scottish farms rose by £22 million in the year to May 31 2018. Total outstanding lending to the agricultural sector amounted to £2.34 billion. Accounting for inflation, this was a decrease of 0.6 per cent since May 2017, reveals results from a survey of the main banks and other lending institutions released  by the Scottish Government’s Chief Statistician.

In addition to bank lending, farms have an estimated £1.2 billion of debt related to hire purchase, leasing and other sources, the statistics also showed.