£1,000 for farmers who complete Red Meat Benchmarking forms

The initiative is available for 2,000 farm businesses who keep sheep and suckler cows
The initiative is available for 2,000 farm businesses who keep sheep and suckler cows

The Red Meat Benchmarking deadline is fast approaching and Welsh farmers are being encouraged to complete the forms as soon as possible to receive £1,000.

The initiative is an opportunity for eligible farmers to gain a better understanding of how their business is performing and help create a confident red meat sector for future generations.

Farmers who complete the questionnaire will receive £1,000 and a bespoke assessment of their own business data.

Red Meat Benchmarking is being delivered by Hybu Cig Cymru – Meat Promotion Wales (HCC) with support from Farming Connect, and eligible businesses have until 10 December to complete it.

It is available to 2,000 businesses who keep sheep and suckler cows, but farmers must be aware of the number of animals needed to be able to participate.

Farmers have also been told to remember that participation is on a first come, first served basis.

John Richards, Industry Development Manager at HCC said: “This is a red meat producer’s opportunity to increase their understanding of their costs of production and the performance of their farm business.

“With Brexit just around the corner, it is crucially important that our businesses are financially fit.”

Mr Richards added: “There will be direct benefits for farmers who take time to participate in the project; not only will they receive £1,000 but they will also be armed with knowledge to make informed changes to their businesses, leading to improved productivity and efficiency.

“This could result in more confident and competitive businesses in the future.”

More information and the eligibility criteria can be found on the HCC website. Farmers must meet specific eligibility criteria, and register their business with Farming Connect.