The NFU has highlighted the importance of British farming and the fiscal measures required to ensure it has a productive, resilient and sustainable future.

In a letter to the Chancellor Philip Hammond, one week ahead of the Budget Statement, NFU president Meurig Raymond sets out the need for the Government to deliver a new domestic agricultural policy with the environment, farm productivity and volatility mitigation at its heart.

The letter also sets out a number of key fiscal recommendations for a stable and certain fiscal environment which encourages innovation and investment in farm businesses.

Mr Raymond said: “British farming meets 61 per cent of the nation’s food needs and forms the bedrock of the UK food and drink sector which contributes £109 billon to the nation’s economy and provides 3.8 million jobs.

“One week ahead of the Budget Statement, I’d like to remind the Chancellor Philip Hammond of farming’s significant economic contribution. This is on top of caring for our iconic British countryside and putting safe, affordable British food on tables across the country.”

Mr Raymond added: “In this Budget, the Chancellor has the chance to help secure a bold, ambitious future for British farming. The NFU has made the case for a number of measures which the Chancellor can harness to prepare our sector for life outside the EU.

“Brexit presents an enormous opportunity for the sector, and Government – across all departments – can help us grab it with both hands.”