As last year drew to a close, Børsen reported the highest number of bankruptcies in the farming industry since the mid-1990s. The number of farmers forced out of business increased by 60 percent during the 12 months of 2015 with 159 bankruptcies. What’s more, one in seven farms are deemed to be a high risk of impending bankruptcy. A number of crises in recent months have negatively impacted on the price of pork, milk and corn, reducing farmers’ income and forcing many to incur more and more debt.
Uber owners make big investment in Danish IT company
In December, the American capital investment fund Summit Partners, which owns the international transport company Uber, bought 26 percent of the Danish IT company Siteimprove for 375 million kroner, valuing the Danish firm at 1.5 billion kroner. Siteimprove is responsible for developing systems to identify faults on websites, and it has built up a portfolio of 3,500 customers since it was founded in 2003.