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Speaking at a webinar hosted by the Tenant Íæż½ã½ã Association (TFA), Farming Minister Daniel Zeichner said a key theme from the debate around Agricultural Property Relief (APR) reform was the ‘low level of returns' among farm businesses

NFU Cymru president Aled Jones said he was ‘deeply concerned' any future adjustments to agricultural funding into the Welsh block grant would be ‘subject to the Barnett formula'

NSA chief executive Phil Stocker said there are sheep farmers who have 'wholeheartedly thrown themselves into the SFI pilot', whose agreements have now ended with no certainty over continuation into SFI and fears over budget cutbacks

The NFU has expressed ‘extreme concern' to reports the scheme is now unlikely to open until mid-2025

The farm-level 10% tree cover figure has been removed and will be replaced by a scheme-wide target, which will be agreed after discussions with the Ministerial Roundtable

A rumoured move in funding towards the Barnett formula would mean a UK Treasury model ‘calculates the amount of block grant each of the devolved nations should receive based on populations'

The Íæż½ã½ã news team give their analysis of the Chancellor's Budget

£157.8 million has been paid to over 15,500 Welsh farm businesses

James and Isobel, with their two young children, recently bought their first farm, and plan to run beef and sheep over 13.8 hectares (34 acres), renting a further 44.5ha (110 acres). James works for tech firm Breedr as UK country manager. You can follow them on Twitter @jpbwfarm

Graham Redman, partner at agribusiness consultants The Andersons Centre said the business aspect of farming was pressing on the farming community ‘even more so than ever before', and he urged farmers to look beyond the headline figures on Government environmental schemes, which he said could look appealing but came with ‘obligations' and ‘costs'