The Wilcox family farm in the town of Waughton, in the Staffordshire region, is an obvious candidate for the worst workplace in the UK.
Its 40 staff and 10 staff-owners are paid less than the minimum wage of £6.30 per hour.
However, the company’s owner, Mr Wilcox, insists the pay is “fair and competitive” and that the farm’s average annual turnover is just under £200,000.
He says he “never made a penny from this business”, but that “when I died my money was on the farm”.
The family farm is one of the largest in the country and produces more than 50% of the UK’s feed for animals including sheep, goats, pigs, horses and deer.
The Wilcots are not alone.
As of October this year, the country’s largest cattle and sheep producer, Woolworths, reported a loss of £2.4bn on its annual turnover, with a profit of just under $100m.
The collapse of the US housing market has also contributed to a decline in farm profitability.
However the Wilcoxs have remained financially stable despite a loss from the collapse of their business, which was worth $1.3bn in 2011.