New Red Meat Benchmarking Project Offers Cash for Farmers

Grilled striploin steak

Farmers in Wales are being offered £1,000 to help with the Welsh Government’s new Red Meat Benchmarking project, aimed at helping them assess and improve the performance of their businesses.

The project, managed by Hybu Cig Cymru, will require 2,000 farmers to complete an on-line questionnaire giving information about their business activities for either 2016/2017 or 2017/2018. In return they will receive a bespoke assessment of how they are performing, an anonymous comparison with similar businesses, and a £1,000 payment for their “time and effort”.

The idea is to better prepare the industry for a post-Brexit Britain by evaluating current performance and identifying areas where improvement is required.

Those taking part will, says HCC, be contributing towards “a resilient red meat sector for future generations”.

The scheme will run on a first-come, first-served basis and be open from 8 October to 10 December 2018. To qualify farmers must be registered with Farm Connect and have a minimum stocking level of 235 breeding ewes, 25 breeding cattle or a combination of both.

Those interested in taking part in the project can find more details here.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

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