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Farmers: Loans

Volume 496: debated on Monday 20 July 2009

To ask the Secretary of State for Environment, Food and Rural Affairs what recent representations he has received on levels of bank lending to farmers; and if he will make a statement. (285138)

No recent formal representations have been received on the subject of bank lending to farmers. At the end of March 2009, net lending to agriculture, forestry and hunting in the UK stood at just below £11 billion. This was more than £900 million higher than at the same point in 2008 and some £280 million above the level recorded at the end of 2008. There is strong evidence that the banking sector is continuing to lend to farm businesses with sound business cases but DEFRA will continue to monitor the situation.