Evidence Of Foot And Mouth Hardship
www.xbxmw.com¡¡¡¡2007-11-23 3:56:52¡¡¡¡source£ºThe Pig Site¡¡¡¡ read£º
Mr Davies concluded, "It is premature, at this stage, to get an accurate feel for the full financial losses that are likely to be incurred by the industry and indeed it will be difficult to put a financial figure on all the adverse effects. It will be the farm income figures for 2008/9 that will reflect the extent of the damage caused to farm businesses in Wales, as our discussions with the banks suggest that overdraft facilities have been extended on the back of impending Single Farm Payments, due in December, but that this will likely cause cash-flow problems next year.
"What we can say however is that the quantified losses of some £34million and additional consequential costs such as extra feed arising from movement restrictions are likely to leave the industry facing a bill well in excess of £40m."
NFU Cymru continues to believe that the total cost of any recovery package should come from Treasury funds and continues to look to the Welsh Assembly Government to progress the issue of recovery aid with the Treasury.
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