Farm business performance: planning, adaptation and resilience

Khafagy, Amr ORCID: 0000-0001-8976-6405, Malekinezhad, Fahimeh ORCID: 0000-0003-2774-3384, Dwyer, Janet C ORCID: 0000-0002-2332-9832 and Wishart, Maria (2022) Farm business performance: planning, adaptation and resilience. Technical Report. National Innovation Centre for Rural Enterprise (NICRE).

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Executive Summary: This report presents findings of a survey of 529 farms in three English regions – the North East, the South West and the West Midlands, which was conducted as part of NICRE’s broader State of Rural Enterprise Reports (NICRE, 2022). It examines the particular experiences of farms in respect of the Covid-19 pandemic, including their business performance, the strategies they adopted in response to the crisis, and their uptake of external advice and government support measures. The survey was conducted between June and August 2021, and covered over 4,000 businesses across the three regions. While the report concentrates on farm businesses, our findings indicate that farms’ experiences of the pandemic differed considerably from the experiences of their non-farm counterparts. To a degree, it is likely that these differences can be related to wider changes particularly affecting agriculture in this period, including policy reform and new trading arrangements linked to the UK’s exit from the EU and its Common Agricultural Policy. Several headlines emerge from our analysis: - Farm performance was sustained during the pandemic - Farms reported different impacts of the Covid-19 crisis than non-farm businesses - Farms were less likely than rural non-farm businesses and urban businesses to use government Covid-19 related business support schemes - Farms were less likely to access external support or advice for their business during the pandemic - Farms were more likely to draw on family resources to reduce their costs during the crisis - Farms were less likely to view the economic uncertainty linked to Covid as a major obstacle to their success - The majority of respondents managing farms do not engage in formal business planning

Item Type: Monograph (Technical Report)
Additional Information: This paper is published by the National Innovation Centre for Rural Enterprise (NICRE) which is funded by Research England to collaborate, research and co-design ideas and solutions to foster rural enterprise and unlock the potential of rural economies.
Uncontrolled Keywords: Farm business performance; Covid-19; Resilience; Business planning
Subjects: S Agriculture > S Agriculture (General)
Divisions: Schools and Research Institutes > Countryside and Community Research Institute
Research Priority Areas: Place, Environment and Community
Depositing User: Anna Kerr
Date Deposited: 02 Sep 2022 14:58
Last Modified: 02 Sep 2022 14:58

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