Rural Business Focus Podcast

Financing Farm Diversification – with Andrew Hepworth-Smith

Today’s episode is mostly for farmers looking to diversify their businesses and thinking of how to finance these ventures.

You can follow Rural Business Focus and contact Ben on Twitter @ruralbf_pod or on Instagram @ruralbusinessfocus

Have you thought about the benefits of podcasting for your business? If you  want to find out more or work with Ben to make your own podcast or to organise some podcast training for your business visit ruralpodmedia.co.uk 

Timestamps for today’s episode

1:04 Ben introduces the show.

2:03 Andrew comes in.

2:55 Andrew talks about himself and his business.

4:11 Today we are talking about farm diversification. Staying broad, what are some typical enquiries that Andrew gets from farmers?

6:09 Has there been a spike in interest in diversification from a finance point of view?

7:26 How have farmers historically viewed debt and has that shifted?

10:36 What are lenders looking for and considering?

13:59 How do lenders view established businesses and new businesses?

16:39 Taking an example farm and how they might diversify.

21:47 Message about RuralPod Media.

22:36 Financial planning and projections.

24:20 What time process does it take?

26:26  Attitudes to risk.

29:56 What does Andrew do to keep focussed?

32:30 How to get in touch with Andrew – ahs@ahsfinance.co.uk 

33:17 Ben rounds up.

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