05 March 1998
Supplier axes 11 jobs as farm recession deepens
By FWi staff
The crisis in farming deepened today as a major Welsh agricultural supplier announced a series of job cuts.
Eleven jobs are to go at Hay and Brecon Farmers, a farmer-owned co-operative based in the Welsh border town of Hay-on-Wye. No-one at the company was available for comment.
But the job cuts spell disaster for the local economy, according to local Liberal Democrat MP, Richard Livsey. “This is a consequence of the dire problems suffered by the farming industry in our area,” he said.
Many of the farms around Hay-on-Wye are suffering from the slump in lamb and beef prices. They are cutting down on input costs and restricting supplies in an effort to offset lower profits.