Perrine Farms Ltd, a farm in Wrexham, Cornwall, has been at the centre of the latest crop loss crisis as farmers in the area are struggling to meet demand from consumers.
The company reported a loss of more than 5% on revenue in the third quarter, and said its farm stock had fallen to less than 1% of what it had been.
The company said that in addition to its loss of farm stock, the impact on its business was the “widespread” loss of the products that it sells to consumers.
“Our business is suffering as a result of a catastrophic crop loss which has forced us to sell off the majority of our products,” the company said.
“Our stock has been significantly reduced and we are reliant on our suppliers to supply our food for the foreseeable future.
We are now working with suppliers to assist them in re-establishing our business, and to assist us with the reconstruction of our operations.”
Perrine Farms, based in Crampton, Cornwall is a family-owned, independent producer of food for local farmers and shoppers.
The farm was sold to an international buyer in December last year, but it has not yet received any payments for the sale.
The farmer, who did not want to be named, said: “We’re in the midst of a massive financial meltdown.
The market is at record levels and the Government has been extremely lenient on the farm debt crisis.”
There are not enough people working in the sector to cope with the increase in prices.
“Emilia Perine said she had been trying to sell her land to fund her farming and that her family would not be able to pay the farm bills.
The Perrine family is currently selling off all of its farms, with the family’s three children also facing financial difficulties.