LONDON (Commodity Online): HSBC launched its 36th annual Forward Planning publication for the Agriculture industry - Forward Planning - 2012, which is designed to be used by agriculture businesses as part of their planning for the year ahead and actively reviewed throughout the year, so as to make the most of opportunities which may arise.
The publication gives costs of production for each of the main enterprises with estimates of income. There is also a section on whole farm budgets, which brings together each component, and in turn this gives an insight into business profitability.
It also includes assumptions around exchange rates and the impact of the Single Farm Payment and Commodity volatility. There is also a section on renewable energy and sustainability which is a growing aspect of business life on a farm and an area in which Agriculture's customers and consumers are taking real interest in.
HSBC was the first UK bank to introduce a team of specialist agriculture banking managers dedicated to supporting agriculture and farming related businesses in 1989. The bank's agriculture managers spend much of their time with customers on farm premises and continue to provide a dedicated service specific to the financial needs of the industry.
