NFU Sugar and British Sugar announce cash advance – NFUonline

As part of efforts to ease some of the commercial pressures sugar beet growers face, British Sugar and NFU Sugar have announced a 25% interest-free cash advance ahead of the 2022-23 campaign.

Opt-in scheme

The offer is open to all growers who have held contracts with British Sugar in each of the past three years. Producers can join the program, with funds to be banked in the third full week of June.

In order to participate in the cash advance, producers must have completed the declaration of the cultivated area for the current year. Producers who have not held a contract for at least three years can still speak with their British Sugar account manager to discuss their eligibility.

A commitment to the industry

British Sugar and NFU Sugar remain committed to delivering a timely outcome for the 2023-2024 contract negotiation that is both fair and appropriate for all parties involved with a commitment to the industry at the heart of the process.

NFU Sugar Chairman Michael Sly said: “With growers across the country facing extreme inflationary pressures, I am delighted that we have been able to work with British Sugar to offer growers a cash advance on their 2022 crop. .”

Relief for sugar beet growers

Cash flow is hugely important to a farming business and when the prices of key inputs have risen so sharply, this early injection of cash will bring some relief to UK sugar beet growers,” he concluded.

Dan Green, Director of Agriculture at British Sugar, said: “British Sugar is committed to being at the heart of a local sugar industry. In this context, we want to help our beet growers as much as possible. »

British Sugar and NFU Sugar work together

“With recent levels of inflation driving up input prices, sugar beet growers are facing unexpected and increased pressures. We have worked with NFU Sugar to provide practical assistance in these extraordinary circumstances. We recognize, more than ever, that growing sugar beets is a partnership between growers, industry partners and us as a processor.

“We hope this cash advance, coupled with the work of the Field-to-Factory partnership, will give growers the confidence to invest in sugar beet for the long term.

Learn more

For more information on eligibility and membership, please call British Sugar Grower Services on 0800 090 2376.

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