A UK-conducted study has found that Brexit remains a big concern for farmers and the agri-industry.

The agri-business survey, carried out by Virgin Money, highlighted the resilience of the agri-industry during the Covid-19 pandemic, but indicates that Brexit is still a big concern.

Through the survey, 35% of farmers reported that the pandemic is continuing to have a negative impact on their business, mainly due to labour absences and delays in supply chains, with 9% reporting a positive impact.

And, almost half expect a negative impact from Brexit, an increase from two years ago.

The online questionnaire, sent to all Virgin Money's existing agricultural customers at the beginning of February 2022, received almost 300 responses.

The aim of the survey was to monitor any changing trends since it conducted similar research in 2020, and find out how farmers are being affected by such things as the pandemic, Brexit and environmental, social and governance (ESG) factors.

Main survey findings

Brian Richardson, head of agriculture for Virgin Money, said while the survey findings highlight where customer concerns lie, the industry seems to be making good recovery following the pandemic.

"However, it is clear that challenges remain for the sector, and we are committed to continuing supporting our customers through these difficult times.”

According to the research, ESG factors are now more on the radar, with the well-being of employees being of most importance, followed by reducing carbon emissions.