The Farmers' Union of Wales has welcomed an announcement by First Minister Carwyn Jones that £2,150,000 of the Welsh Government's EU transition fund will go towards helping livestock farms prepare for Brexit.
Speaking shortly after the announcement was made at the FUW's annual general meeting today (Monday, June 18), FUW President Glyn Roberts said:
"We welcome the fact that one of the first EU transitional fund projects to be announced relates to the livestock sector which is so important to our economy and communities."
The investment will allow farmers to assess the financial status of their businesses in order to help prepare for Brexit.
"There is so much uncertainty around what will happen over the coming months and years in terms of Brexit that planning is nigh on impossible," said Mr Roberts.
"However, those who gain a detailed understanding of their current costs and outputs will inevitably be better prepared for the volatility and changes, whatever they may be, allowing them to react more quickly and appropriately to protect and improve their businesses."
Mr Roberts said he hoped this would be the first of a number of EU transition fund projects to be announced aimed at helping our food and farming industries which are particularly vulnerable to Brexit.