Farmers ready to invest despite Brexit

ALMOST a third of farmers are planning on increasing investment on their farm over the next year.

The latest Bank of Ireland Agri Pulse survey found a broadly positive sentiment among farmers, despite concerns Brexit will have a negative impact on their business.

“Almost half have ambitions to expand over the next one to three years,” said Bank of Ireland’s group chief economist Dr Loretta O’Sullivan.

On the cost front, one in two farmers reported an increase in input costs over the past year.