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Risk management is an essential part of running any farm. However, when you diversify, the added risks that arise from your new venture are likely to be completely new to you.

There’s no doubt that consumers are becoming increasingly passionate about supporting local businesses and maintaining a sense of community. What’s more, shopping locally also reduces our carbon footprint. The trend for traceable, quality, local produce continues to grow and it’s worth considering how you can utilise this movement to benefit the promotion of your diversification venture.

Running a farm and setting up a new venture at the same time is not without its challenges, but it’s an option an increasing number of UK farmers are exploring. In this article, Chris Walsh, NFU Mutual’s Farm Insurance Specialist, explores some initial considerations around farm diversification.

Barbara Smith’s grandparents first came to their c.40 hectare Northamptonshire farm in 1924. Over time, it has been gradually added to, with a further 162 hectare.

Running a farm and setting up a new venture at the same time is not without its challenges, but it’s an option an increasing number of UK farmers are exploring. In this article, Chris Walsh, NFU Mutual’s Farm Insurance Specialist, explores some initial considerations around farm diversification.

Chris Walsh, Farm Insurance Specialist at NFU Mutual, explains why, with so much uncertainty and increasing financial pressure, there has never been a more important time to explore diversification opportunities.