Tag #Welsh Farmers

How will the shift to a population-based funding model for Welsh agriculture affect the economic viability of farms in Wales and the wider rural economy?

The UK government's decision to base agricultural funding on population rather than need will reduce Wales's agricultural funding from 9.2% to 5.2%, according to the Farmers' Union of Wales. This change, implemented through the Barnett formula, is concerning because Wales has more farms per capita than England. The new funding mechanism will affect the Welsh rural economy, impacting farmers and related industries.