News New help for young farmers welcomed by Rees Richards
Published by AgentPro on 30th January, 2018
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.
“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.”