Bank lend­ing slows down to farms

Campbeltown Courier - - FARM­ING -

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

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