Ten ways for farmers to diversify
A look at diversification options for farmers keen to boost their income.
The government’s Diversifying farming businesses guidance highlights that about half of all UK farming businesses now carry out some form of diversified activity, bringing in an average of £10,400 extra revenue per farm, though there are wide variations between farms.
There are many ways in which farms can diversify - farmers should consider the time implications, financing, legal requirements and market conditions, building on their own skills and expertise to find the right opportunity for them. Having multiple income streams can help even out any seasonal peaks and lows in the business.