A new multi-million pound project open to 2,000 Welsh beef and sheep farmers is hoping to drive farm data performance in Wales.
The Welsh Government Red Meat Benchmarking Project, worth £2.15 million and funded through the EU Transition Fund, aims to work with farmers to benchmark their data and help identify improvements in their businesses.
The voluntary scheme is open to 2,000 eligible beef and sheep farmers until 10th December on a first come first served basis.
Farmers will be asked to complete an online questionnaire on the financial and physical details of their business.
In return they will receive a detailed benchmarking report of their business, evaluating their performance against others within the sector, along with £1,000 compensation for their time and effort.
NFU Cymru has welcomed the announcement of the scheme and is now encouraging farmers across Wales to participate in the programme
NFU Cymru Livestock Board Chairman, Wyn Evans said: “NFU Cymru has been assured that all data supplied as part of the project will be totally confidential and anonymous.
“As we approach Brexit and with market competition looking set to increase, collecting accurate data will play an increasingly important role in the success of farming businesses across Wales.
He added: “With £1,000 compensation available to farmers participating in the scheme, we believe this programme holds numerous benefits for those taking part, not least the individual benchmarking report that will help increase farmers’ understanding of the financial and technical performance of their business.”
For more information, contact Hybu Cig Cymru (Meat Promotion Wales).
