Cereal and general cropping farms are expecting to see a dramatic rise in business incomes during the 2010-11 financial year.
According to the latest figures form the Department for Food, Environment and Rural Affairs (Defra), cereal farms are anticipating a 73 per cent increase in returns when compared to 2009-10, Farmers Guardian reports.
This huge increase is largely down to much higher prices being paid for commodities such as cereals and oilseed rape.
However, there is a negative impact for livestock farmers, who are seeing a dramatic fall in income due to the increased cost of animal feed.
"Farmers have seen rocketing input costs over the past 12 months across the board, from increases to bank charges through to other major input costs such as fertiliser," the National Farmers Union senior economic adviser Phil Bicknell told the publication.
The Financial Times reported this week that the price of agricultural commodities is set to be pushed even higher, as firms engage in panic buying.
Typical Guttridge equipment used in the cereals industry includes; feeders – metering screw feeders – weighing systems
