But both Fane Valley Group and subsidiary company Fane Valley (NI) Ltd, which functions primarily as a head‑office entity within the wider group structure, ended the year with liability positions of £36.6 million and £67.8 million respectively. Formed in 1903, Fane Valley remains 100% farmer owned. Regarding current liabilities, Fane Valley Co-Operative Society Ltd has pledged to finance working capital requirements for the next 12 months, if required, for Fane Valley group and company to ensure they can continue their day-to-day business. Earlier this year Fane Valley Group said it is investing £1.1m in skills development across its business group to deliver on its three-year business plan. Duncrue Food Processors and Fane Valley Feeds will also be included in the training.