Our support to young farmers
This week sees the very first National Young Farmers Week, run by the National Federation of Young Farmers Clubs (NFYFC). Ian Burrow, RBS Head of Agriculture and Renewable Energy, talks about the importance of our young farmers and how the bank is supporting them.
National Young Farmers' Week is part of a larger national campaign to try and encourage young people living in rural areas to join their local Young Farmers club.
We all know how important farming is to our economy and food security, contributing around £10bn to the UK economy last year (1), but we are also well aware of some of the challenges facing farmers.
This is why we want to make sure that we are supporting the industry in creating a sustainable legacy – rather than just offering the standard banking services and products.
As part of this, we are proud of our long standing partnership with the National Federation of Young Farmers Clubs.
We have supported the NFYFC for a number of years now, and work alongside them to deliver business specific training to members across the country.
The training is delivered by managers from our dedicated Agriculture Team direct to the club members. These training sessions cover basic skills of business management from making a business plan and managing cash, to tenancy training.
National Young Farmers Week is being held to boost awareness of these vital Young Farmers clubs, which provide anyone aged ten to 26 with a fantastic chance to learn new skills and make a real difference to the local community, as well as meet lifelong friends and even travel the world.
1) Source: Defra (Department of Environment, Food and Rural Affairs)
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