Supporting farmers through flooding
Bad weather is a fact of life, and farmers are used to shouldering the burden. However, excessive flooding can have a devastating impact on farm businesses, affecting livestock, buildings and homes.
Hands-on solutions to a turbulent climate
Finance may not be at the front of farmers’ minds when they’re still dealing with the impact of the weather, but now is the time to consider the impact of the severe weather on immediate and future cashflow and how best this can be managed.
Lloyds Banking Group are committed to supporting agricultural customers affected by severe weather, which is why we’re supporting farmers in managing their finances. Whether that’s to meet the immediate costs of damage to crops, repairs to buildings and land or floor repairs, or to simply be an ear to listen to problems, this support will offer a number of financial solutions which will be tailored on a case-by-case basis.
"The effects of the weather are generally short-lived in relation to the lifespan of a farm business, so planning now to make sure working capital remains available, whilst being realistic about costs and expenditure through the coming months, will go some way to help farms to function better over the longer term."
- Andrew Naylor, Head of Agriculture, Lloyds Banking Group
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