I recently read an article telling me that Metro Bank is already facing large write offs as a result of the economy being partly closed over the past year. They are regarded as a Challenger Bank and why should this concern farmers?

As we start to come out of this crisis, we will probably see the main High Street Banks facing similar issues. What will happen to their margins then?

Agriculture has been affected too, especially diversified businesses such as camp sites and wedding venues.

Whilst interest rates are so low what is going to happen to margins charged by banks? I highlight to my clients the need to check the conditions on loans. I often see low margins being offered but then find they are not guaranteed for the full term. Fixed rates are offered for usually around 10 years but can be for any length of the loan but what happens after the fixed rate expires?

The devil is in the detail. All of these issues are important and need consideration which is part of the service we offer. You may see a long term loan offer once every ten years, we can see them every ten days. Its all about asking the right questions!

For a review of your borrowings and structure or to source funds for a new lending proposal contact Ed at edwarren@fcgagric.com