1. ITV Report

Minster holds meeting to help the finances of farmers

More help for farmers could be on the way Photo: Paul Faith/PA Wire/Press Association Images

Major banks, farming charities and farming experts are today holding a meeting at a landmark summit called by Environment Secretary Owen Paterson.

Experts in banking, farming, insurance and business will talk through ways of improviing farmers' access to financial support already available and to find new ways to help improve the sucsess of their business.

"We should be proud of the fantastic job our farmers do. But this last year has been particularly tough. Farming contributes a huge amount to our environment and our economy. We want to ensure that farmers are able to deal with challenges like bad weather, to grow their businesses, create new jobs and help the country compete in the global race."

– Environment Secretary Owen Paterson

HSBC, Lloyds, National Farmers' Union and The Addington Fund are among those attending the meeting at Defra headquarters.

The bad weather over the past year has placed particular financial pressures on many of Britain's farmers. Today's summit has been called to help banks and farmers understand and respond to future business risks and opportunities which will help to grow the rural economy.