Britain’s dairy farmers are facing another troubled year based on projected figures. The average takings of UK dairy farms are expected to be down by as much as 45%, as the plummeting price of wholesale milk continues to fall.
Official statistics have projected the income will have almost halved to an average of £46,500 this past tax year. The drop in revenue has forced many dairy farmers to either cull their herd for selling as beef, close business, or switch to other types of farming.
However it has been a better year for poultry farmers who are forecasted to report a 14% rise for the same period.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
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