Cattle farm diversifies into eggs after £ 1.1million investment
Farming business diversifies by tapping into a whole new source of income after investing £ 1.1million in a 32,000 bird unit for free-range egg production.
Run by husband and wife team Simon and Victoria Elwess, Manor Farm, based near Lincoln, has been primarily a beef farm specializing in raising Hereford cows since 2009.
After looking for opportunities to diversify farming activity, the couple used the funding to invest in the new bird unit and a tiered egg-laying system.
The project created eight new full-time and part-time positions and an average daily production of 30,000 eggs.
The overall cost of the project was £ 1.1million, with HSBC UK providing the majority of the funding.
Following an application accepted by the couple, the project was also supported by the European Agricultural Fund for Rural Development, the Lindsey Action Zone Local Action Group (LAG) and the LEADER funding program of the Rural Development Program for England. .
Victoria Elwess, co-owner of Manor Farm, explains: “The demand for eggs from free-range hens has increased steadily in recent years, so we are confident that the investment will provide a long-term sustainable source of income for the company.
The project created eight new full-time and part-time positions and an average daily production of 30,000 eggs
Andy Hipwell, of HSBC UK, said UK agriculture is vital for rural communities and the food production industry.
He added, however, that pressure on farmers and a volatile market means many farms need to diversify.
“By investing in outdoor egg production, Simon and Victoria and tapping into a growing market that will provide a more stable source of income for their farming business at large. We wish them good luck with their new business, ”he said.