Wales’ farmers growing in confidence

More than half of Wales’ farmers are planning to expand production in the next five years amid a climate of growing confidence.

The results of an NFU Cymru survey, revealed on the first day of the Royal Welsh Winter Fair today (28 November), confirmed confidence was on the up.

More than 60% of farmers surveyed during the summer said their optimism had increased in the past year and they were very positive for the next five years.

NFU Cymru president Ed Bailey said it was obvious prices were having a strong influence on farmer confidence, particularly in the beef and sheep sectors. “This is undoubtedly linked to headline prices and profitability expectations,” he said.

With expansion on the horizon for many, Mr Bailey said it was a clear signal farmers were investing in their businesses for the long term. “Key factors on the horizon keep me optimistic about the future,” he said.

But the survey also highlighted some negativity. High input prices and regulation were chief among the concerns.

Mr Bailey, who runs a hill sheep and cattle farm in Meirionnydd, shares the optimism of farmers surveyed.

“I am particularly heartened by the fact that over one-third of respondents cited ‘succession of the farm’ as one of the most positive impacts affecting their farming business,” he said.

“It is good news that the current generation of farmers is once again enthused and excited about their sons and daughters becoming involved in agriculture and that the next generation can see a positive future in farming and want to play their part in ensuring we can meet the growing demand from the consumer for our first-class produce here in Wales.”