Farmcare Explained

Farmcare Trading Limited
Trading Name:Farmcare
Type:Subsidiary
Foundation:1896
Products:Food
Key People:Richard Quinn (Chief executive)
Location Country:England and Scotland
Num Employees:240
Parent:Wellcome Trust

Farmcare Trading Limited, trading as Farmcare, is the largest lowland farming organisation in the United Kingdom.[1] [2] Farmcare traded as The Co-operative Farms while a subsidiary of The Co-operative Group until it was sold to the Wellcome Trust in 2014. Welcome decided to cease farming activities in 2017 and instead form partnerships with farmers.

History

The Co-operative Farms

The first farm was acquired at Roden, Shropshire in 1896 in order to supply potatoes to local societies' stores.[3] By 1918, the then Co-operative Wholesale Society already farmed a total of 32,648 acres (13,212 ha) across England.[4]

Following the merger of CWS and Co-operative Retail Services in 2001, CWS Agriculture became Farmcare Limited.[5] It was rebranded as The Co-operative Farms in 2007.

Wellcome Trust

On 4 August 2014, the business was sold to the Wellcome Trust for £249 million, to reduce The Co-operative Group's debt following its financial crisis in 2013.[6] At the time of the sale, The Co-operative Farms owned of land organised as 15 farms, and more than 100 residential and 27 commercial properties.[7]

In 2017, Wellcome announced that they would cease farming activities and instead formed 12 partnerships with farmers and farming contractors.[8]

See also

Notes and References

  1. Registered under the Industrial and Provident Societies Act 1965, No. 28966R
  2. News: Farmcare builds on its own identity following Co-op sell off . 21 January 2015 . Farmers Guardian . 31 October 2014 . dead . https://web.archive.org/web/20150122001311/http://www.farmersguardian.com/home/business/farmcare-builds-on-its-own-identity-following-co-op-sell-off/68163.article . 22 January 2015 .
  3. http://www.co-operative.coop/farms/ourhistory/thefoundations/ The foundations
  4. http://www.co-operative.coop/farms/ourhistory/thewaryears/ The war years
  5. http://mutuals.fsa.gov.uk/SocietyDetails.aspx?Number=28966&Suffix=R Mutuals Public Register
  6. Web site: Wellcome Trust acquires the Co-operative Group's farms business for £249 million . 2014-08-04 . 2016-04-23 . https://web.archive.org/web/20160423225040/http://www.wellcome.ac.uk/News/Media-office/Press-releases/2014/WTP057030.htm . dead .
  7. News: Co-op sells farms business to Wellcome Trust for £249m . BBC . 4 August 2014 . 4 August 2014.
  8. News: Horne . Suzie . Farmcare hands over farming operations to new partners . 7 November 2023 . Farmers Weekly . 12 September 2018.