British inventor, Brexit supporter and multi-billionaire James Dyson has a new title. The 71-year-old entrepreneur, known for vacuum cleaner and hair dryer brand Dyson, has become the largest arable farmer in the United Kingdom. He continues to invest his assets in land.
Dyson is not only the largest arable farmer. He is high-profile, rich and Brexit supporter† This is fairly unusual within the circle of multinationals, which see divestment from the European Union (EU) primarily as a major disadvantage. Perhaps this is a reason for Dyson's urge to expand.
Land purchase
Trade magazine Farmer's Weekly went through the annual figures of Dyson's arable farm 'Beeswax Dyson Farming'. The company spreads over 3 counties (spread over almost the entire width of the island). With the purchase of more than 800 hectares of agricultural land in 2018, the company size has grown to 14.163 hectares. €41,4 million was earmarked for this. With this acreage, Dyson is the largest arable farmer in the country.
In 2017, the company turned over €17,58 million, with a profit of €800.000 before tax. In 2016, the numbers were still in the red, with a loss of €1,68 million. The sale of various products yielded €9,2 million. In addition, 2 biodigesters accounted for a turnover of €2017 million in 6,8.
The plan is to expand the energy branch of the arable farm. Energy maize and leafy rye are grown on 2.150 hectares for the digesters. Nice detail: in 5 years the company spent €103 million on mechanization and the 2 fermentation installations.
Electric cars
The numbers may be impressive, but compared to Dyson's vacuum cleaner business, they're relatively low. That amount has a turnover of almost €4 billion. Dyson is even planning to build an electric car production plant. That investment will cost him a mere $2,24 billion.
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This is in response to it Boerenbusiness article:
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