News New help for young farmers welcomed by Rees Richards

Published by AgentPro on 30th January, 2018

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Swansea Valuer Dylan Williams of specialist valuer Rees Richards has  been interviewed by Welsh Business News and Estate Agent News following  a Welsh government announcement of a new funding scheme and and a new forum for young farmers, designed to develop leadership skills and support entrepreneurs within the Welsh agricultural industry.

At present, the average owner of a farm holding in Wales is over 60 years old and just 3% are under 35.  However, as Dylan explains, it's hard for young, entrepreneurial farmers to get started:

“Although there are a number of opportunities available across Wales, the reason we see so few young people creating new agricultural businesses is largely down to the start-up costs.  We have a number of agricultural premises for sale, but for a farm worker who in some instances are on minimum wage, finding premises and obtaining funding for even a modest holding are major hurdles.  This means many talented young farmers leave the industry in search of higher wages – and their entrepreneurial skills go with them.”

Dylan believes the new £6m 'Young People into Agriculture' scheme, will be a breath of fresh air for the industry,  with young Welsh agricultural entrepreneurs having an opportunity to apply for much-needed funds, as well as support to develop their leadership skills and a new forum.

The scheme will give Wales' brightest young farmers the chance to work with the Welsh Government on agricultural policy.

Dylan said:

“The new scheme will support the brightest and best young talent in the industry and will hopefully give Welsh farming a fantastic advantage beyond Brexit.”