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Farmers are still investing in machinery despite uncertainty

Despite the current market uncertainty, farmers intend to invest in new machinery over the next 12 months.



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#Farmers still investing in machinery despite uncertainty

Those investing in equipment expect to spend £7,426 on average according to a survey by Norton Folgate.

 

The figures reflect the variety in the market, with some farms booming while others are struggling.

 

10 per cent of small businesses expect to use asset finance and alternative finance to fund their purchases which shows the growing popularity of this sector.

 


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