Nov 9, 2018
UK agriculture companies beef up ahead of Brexit
British agriculture faces its biggest overhaul in more than 40 years as the UK prepares to leave the EU in March. The listed companies serving farmers have been bulking up and moving into new product lines as they prepare. The weak pound means feed prices have risen 10 per cent since the Brexit vote but Richard Whiting, chief executive, said dairy farmers can afford the increase. NWF has 12 per cent of the UK feed market, Carr's 8 per cent and market leader ForFarmers 21 per cent, so there is scope for further consolidation, according to analysts at Peel Hunt, NWF house broker. Mr Whiting says its warehouse is full and it is leasing extra space as the company stocks up ahead of Brexit.
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