Tuesday, January 18, 2022

Lincolnshire farmer purchases land and secures business for future generations

Virgin Money has helped one Lincolnshire farmer finance the purchase of 212 acres, as well as secure a loan for a 3,000-tonne grain store and a new cutting-edge crop sprayer, safeguarding the future of their farming enterprise.

Building a farming business that is an attractive and profitable offer for the next generation, requires investment, determination, and ever-increasing efficiencies.  David and Jane Pridgeon, along with David’s parents, run Pridgeon Farms Limited near Chapel St. Leonards. They have spent 15 years building a successful soft fruit and cereal business and a farm shop expanding over 20 acres.

Recent investments in land, and machinery utilising the latest technology to streamline production and reduce labour, are all a part of the strategy to ensure a fit for purpose business which will withstand future challenges.

Commenting on their recent business developments, David said: “The most important aim going forward is to ensure sustainability for the future. My father has worked hard to create the foundation to build on and I would like to continue this for future generations.

“We’re always looking for opportunities and have expanded through a range of land options; owned, rented, contracted and shared farms. Over time, our contract farming agreements have turned into rentals, which have provided us with much more security. Our recent developments are all about long-term viability. We have invested in the land and infrastructure to enable us to grow and improve efficiencies.”

The soft fruit enterprise has required continual investment in poly tunnels, and growing and irrigation systems, to create an infrastructure that utilises technologies and is less dependent on staff resources. In order to do this, it has been imperative that the Pridgeons had guidance and support from someone who not only understood the business but was interested in their ideas going forward.

Steve Thomas, Agricultural Relationship Manager at Virgin Money, commented: “The Pridgeon family have been working with Virgin Money for almost 15 years and I feel we’re very much a part of their team. It’s key to the success of any business that their bank is supportive, and this can only be achieved with good communication and understanding.

“David and Jane, and David’s parents, are all very knowledgeable farmers and are very committed to succeed. They saw the potential in soft fruit and, having established that enterprise, are now the suppliers of 150 acres of fruit to regional wholesalers, farm shops and green grocers. It’s an amazing achievement and one they are continually looking to foster.”

Virgin Money is committed to working with customers to ensure that they have a strong understanding of each business so that they can help plan and advise for future growth.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £27.55 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.


Latest posts

1,800 people hit with litter fines in North Lincolnshire

Litterers have been fined 1,846 times in the past year as part of North Lincolnshire Council’s crackdown on environmental crime. Enforcement officers have issued the...

Omicron variant support grant opens to Boston and South Holland’s hospitality and leisure businesses

The Omicron Hospitality and Leisure Grant (OHLG), aimed at supporting those businesses in the hospitality, leisure, and accommodation sectors most impacted by the COVID-19...

Ready to bring modern rural living into your life? Keepmoat Homes’ Warren Wood View is now open

Not your average community, Warren Wood View offers modern and connected living with the peace and quiet of rural life. Let Antony Rowe, sales manager,...

Win this brilliant bundle to bring birds to your garden

There's nothing quite like hearing the chirping of birds, watching them glide gracefully and flit about the garden. Lincolnshire Today is therefore delighted to be...

Play park upgrade boosts family fun in Bourne

Two play areas have been refurbished after developers chipped in thousands of pounds as part of the planning process. Local councillors, South Kesteven District Council...