Cash Flow Warnings as Northern Ireland's Cattle Forced Indoors After Bad Weather
NORTHERN IRELAND, UK - Ulster Farmers’ Union president, Barclay Bell, has warned that many farmers in Northern Ireland are facing a long winter – with all the cash flow implications that has for businesses already under pressure because of poor prices.
21 September 2016
2 minute read
Mr Bell said that some farmers had faced unexpected bad weather conditions for September, with high levels of rain making field operations impossible and forcing cattle indoors.
"In some cases cattle have already been housed for two weeks – and this is only the middle of September. While the weather may improve between now and the end of October, it is doubtful, given ground conditions, that it will be possible to get livestock out to grass again.
"That has big cash flow implications, since it means higher feed bills are starting early, with many farmers now looking at what could again be a eight month winter,” said Mr Bell.
The UFU president said farmers in the west were no strangers to difficult conditions, but this is a big blow given there were hopes that better prices for some commodities might ease financial pressure in the final months of 2016.
“Once again we are having to appeal to the banks to recognise that cash flow pressures remain acute,” he said.
Mr Bell said that across Northern Ireland weather conditions were also making life difficult for arable farmers particularly in the North and North West of the province.
“Long, dry spells of weather have proved elusive so far this autumn. Many arable farmers are finding themselves in a difficult position of having to deal with poor prices and often disappointing yields, while an over-supplied global cereal markets is pulling prices down further,” said the UFU president.
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