The government has said it will do everything it can to provide reassurance and stability for the country's rural economies, following the Brexit vote.
Speaking to the National Farmers' Union (NFU) and Farmers' Union of Wales (FUW) at the Royal Welsh Show in Builth Wells, Welsh Secretary Alun Cairns reiterated the fact that the UK will continue to be receive EU obligations, including funding, until the moment we leave.
Mr Cairns told the food and farming community that UK Government will work with the Welsh industry to manage a stable transition to Brexit.
The Welsh Secretary said: "The message is clear the British economy is fundamentally strong, highly competitive and open for business. There is no doubt that farming and food and drink is a big industry for Wales and whilst there are no immediate changes to our situation, as the time comes I will do everything in my power to ensure the transition is as smooth as possible and the correct support structures are in place. Welsh farming will continue to be profitable and competitive.
"We recognise that two of the key priorities for the sector are to secure the best possible access to European markets, ensuring Wales is not disadvantaged from EU competitors and to gain clarity on future funding support for farmers."