The NFU has announced it has bought agriculture energy consultancy FEC Energy in a bid to improve its services for members.
FEC Energy helped farmers to buy and sell energy, generate heat and electricity, use energy more efficiently and reduce the compliance burden of energy regulation.
It is hoped the acquisition will allow the union to provide new products for farmers and growers, as well as creating a substantial new income stream to support the organisation’s core work.
@NFUtweets has bought leading agriculture energy consultancy FEC Energy - do you think this is good news for farmers? 🤔— Farmers Guardian (@FarmersGuardian)
NFU director general Terry Jones said: “I am very pleased we have been able to complete this acquisition and combine the unique strengths of our two businesses.
“FEC Energy will unite its wealth of engineering and energy market expertise with the NFU’s powerful membership, regional and local network and marketing know-how.”
FEC Energy managing director Chris Plackett said the buy-out was a ‘great opportunity’.
“Utilising the organisation’s significant buying power will enable us to strike even better deals with suppliers as well as set up new and mutual beneficial trading relationships between the energy and agricultural sectors”, he added.