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Barclays backs next generation to boost Britain's farms

  • Number of farmers aged over 65 in the UK has increased 70 per cent in last decade

  • Just three per cent of millennials view farming as a desirable career, despite over half saying they want to work outdoors

  • Barclays teams up with TV presenter, former JLS boyband star and now successful turkey farmer JB Gill to encourage farmers to plan for their farm’s future and inspire under-30s to consider a career in agriculture

Barclays has today launched #FarmtheFuture, a nationwide campaign encouraging farmers to plan for their future and tell young people about the benefits of a career in agriculture, as new data reveals that Britain’s farming population is ageing rapidly. 

The bank has teamed up with TV presenter and former JLS boyband star JB Gill, who has swapped pop stardom for a rural life of turkey and pig farming, to show the younger generation that farming could be their perfect career.  

The number of British farmers aged over 65 has increased by 70 per cent in the last decade, while the proportion of under-25s running farms has dropped by two thirds (63 per cent) over the same period. The average age of the British farmer is now 55.5 years old, with almost four in ten (38 per cent) aged 65 or over.

Just three per cent of 18-30 year olds surveyed by Barclays said they would view farming and agriculture as a desirable career, despite the job meeting many of the criteria young people look for in employment. 

Over three quarters of millennials (76 per cent) said staying physically fit and healthy while working was important to them and nearly half (48 per cent) said they would like to work with animals.

A lack of understanding and a perceived lack of resources appear to be the key things putting young people off a career in farming. Over half (59 per cent) believed they wouldn’t be able to afford to become a farmer, while 43 per cent thought they needed to inherit land.

While many farm businesses traditionally pass down through families, farmers with no direct succession are now exploring alternative options, including share farming agreements. These allow new entrants to farm in partnership with the farm owner with much less capital required than starting out alone, and their share of the business can grow over time through profit share.

JB Gill, TV presenter and former JLS boyband star, said: “There’s a lot of misconceptions among young people about what a career in agriculture really means. It’s hard, physical work so it keeps you fit, you get to work with animals, you’re your own boss and you can keep up with the trends by posting everything on social media for everyone else to see.

“The farming community is really welcoming, providing newcomers with knowledge on everything from tending to animals to financial advice. You don’t need to have your own land to work in agriculture, there are many options from farm management through to the service industries and I would encourage anyone interested to give it some serious consideration – it’s a life like no other!”

Mark Suthern, national head of agriculture at Barclays, said: “Barclays has over one hundred and fifty agriculture relationship managers working the length and breadth of the UK to support businesses within their local communities and help them plan for the future.

 “Every industry needs new talent to innovate and look to new markets, and the next generation will be vital as the sector strives to boost productivity and drive growth.

“British farmers have proven time and again their ability to diversify, innovate, and weather tricky economic conditions, so the skill and experiences the older generation can bring are vital. But the next generation need to learn the skills to carry businesses forward in the future. The best place to make your first enquiry on a road to a farming career is your local agricultural college or university.”

Find out more at barclays.co.uk/agriculture

 

Notes to editors

Poll conducted by Opinium Research from the 26th October to 5th November, surveying 1,025 18-30 year olds.

Barclays support of the agriculture sector spans nearly 300 years, tracing back to the first recorded deal in 1744. The bank works closely with several organisations including the NFU, CLA, TFA to promote business efficiency and viability and recently launched a national agri-tech team to connect start-ups with farming communities.

About Barclays

Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays