Fears for farms as dairy prices crash

THE Farmers' Union of Wales (FUW) has expressed concern following a significant fall in dairy prices, warning that the developing situation is placing severe pressure on farm businesses already grappling with regulatory change and wider uncertainty.

- STAFF REPORTER

Representatives from across Wales reported widespread anxiety among farmers, with many highlighting a drastic drop in milk prices over the autumn. Processors are now communicating further price reductions into the new year with commodity markets providing little reassurances to indicate stabilising farm gate milk prices through spring.

Union members have approached the FUW confidentially, in fear of jeopardising their contractual obligations, with serious concern over the projected milk payments for the coming months, given the offers being made that would, in many cases, drop far below the cost of production.