FARMING subsidy support in a post-Brexit UK will be a key theme at this year’s Great Yorkshire Show.

Farmers, landowners and rural businesses are invited to a debate on how leaving the European Union (EU) will impact on their business in terms of cash flow, subsidy provision, cost of labour and commodity prices.

Hosted by rural consultancy George F White, a panel will discuss where the focus will be on the financial support available to farmers and landowners following EU exit and, crucially, what they need to be doing now.

The key debaters are Geoff Hall, regional director at Lloyds Bank; John Lund, a livestock farmer; Tom Bayston, an arable farmer and owner of Park Lodge Shooting School; and Simon Britton and Miles Crossley from the consultancy who will explain why alternative income streams need to be a key priority .

Mr Britton, partner at George F White, said: “It’s clear now that there is a significant change in farm subsidies on the horizon and for many it could be substantially reduced.”

George Eustice, Farms Minister, recently described his vision for post-Brexit agricultural policy within the UK as a ‘change in mindset for farmers’.

Mr Britton said: “He saw new policy as ‘rewarding and incentivising farmers for what they do, and not subsidising them for income lost’.

“He indicated that the Government will still seek to support farmers, not based on the amount of land they own, but by rewarding them for helping the environment, water quality and to changes in husbandry; ultimately making more productive working practices.

“This is a fundamental change to our industry and will significantly impact farm businesses.

“The purpose of our debate, and the main aim of our farm consultancy team moving forward, is to prepare our client’s businesses for the impact of the changes that will face us, as an industry, over the next few years.”

The debate will be in the George F White stand, number 201, on Wednesday, July 11, at 11am.

“Attendees are encouraged to get involved in the debate.