Search

Farms' buying group keep expanding

PUBLISHED: 09:08 10 June 2006 | UPDATED: 10:59 22 October 2010

Anglia Farmers has more than doubled its buying power in the past four years in the drive to become the country's best agricultural purchaser.

Over the next 12 months, the Norfolk-based farmer-owned group expects to have total buying power of £100m including purchases on behalf other co-operatives.

Anglia Farmers has more than doubled its buying power in the past four years in the drive to become the country's best agricultural purchaser.

Over the next 12 months, the Norfolk-based farmer-owned group expects to have total buying power of £100m including purchases on behalf other co-operatives.

The latest annual report for the third year of trading reveals that Anglia Farmers had a turnover of £58.6m - an increase of more than 10pc on the previous year.

Turnover has continued to increase again - up 13.3pc in the first three months of the financial year - and membership has also risen to 819 full shareholding members.

"When you consider the two predecessor companies of Anglia Farmers - Mid-Norfolk Farmers and Loddon Farmers - had a combined turnover of £40m in 2000. We've come a long way in three years," said chairman George Bell.

"We have achieved this growth while containing our costs in large part by developing our systems using the skills of the people who work in the business.

Although there has been some concerned expressed by members that Anglia Farmers has become too big, Mr Bell points to the significant buying advantages of having the scale of business.

"We buy more than 8pc of the UK agrichemical markets and inputs for around 28pc of the UK sugar beet tonnage.

"Our unusual business model - we are paid by members before we have to pay suppliers - means that we don't face the working capital challenges which usually go with growth.

"With farming businesses facing uncertainty and the need to change to survive, the job of Anglia Farmers is to cut the costs of our farming members as much as possible and to provide a level of service which takes the pressure off the farmer," said Mr Bell.

Mr Willis said that the group's "Members Farm" developed by Broadland farmer Stephen Wright has produced very real savings. The typical 400ha farm enjoyed total farm savings of £24,343 or £60.86 per ha for a total membership cost of £1,100.


If you value what this story gives you, please consider supporting the Eastern Daily Press. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Eastern Daily Press