Ceredigion MP Mark Williams has challenged Secretary of State for Environment, Food and Rural Affairs, Liz Truss, on the impact of the recently brokered EU emergency funding package on local farmers.
The emergency funding package was agreed to after protests from farmers against plummeting prices for their produce.
Mark Williams said: “The fact is, a funding package of €500 million will mean very little for Britain and Wales and therefore the individual Ceredigion farmers that I meet.
“It is likely to be an inadequate sum that fails to respond to the cash-flow problems of many in the sector, welcome though any help is.
“The Secretary of State explained that the details of the fund are yet to be announced. That in itself is a worry because she was right to acknowledge that we must ‘help with the cash-flow issues that farmers are facing’.
“I endorse the view of the farming unions that it is disappointing that the Commission won’t review the intervention price. This could have helped to create a price floor and boost confidence.
However, Mark Williams welcomed HMRC’s decision to offer flexible Time to Pay agreements for dairy and lamb producers.
He added: “With milk prices the lowest for five years, and lamb prices at their lowest in May, June and July for 3 years, we need to continue to press for immediate action.”