BREXIT will produce a farming industry “fit for the future,” Theresa May will insist today as she visits the Royal Welsh Show in Powys.

The Prime Minister will set out the UK Government's plans for a post-Brexit farming policy, explaining how the EU's Common Agricultural Policy subsidy system based on land farmed will be replaced with a system of public money for public goods.

She will make clear to local farmers and food producers that she is committed to safeguarding animal welfare, supporting the production of high quality produce and protecting the farmed environment.

"Leaving the EU presents us with a unique opportunity to transform our food, farming and environmental policies so we can have a healthy and prosperous agricultural industry that is fit for the future and helps us to leave the environment in a better place than we found it.

"Scrapping the Common Agricultural Policy and introducing a simpler system which provides funds in return for public goods, like improving water quality, reducing emissions and planting wild flower meadows to boost biodiversity, is fundamental to our new approach,” Mrs May declared.

"I want to make the most of the freedoms provided by Brexit to design a new scheme that is less bureaucratic and does away with the overly prescriptive information farmers currently have to provide to apply for grants."

In a roundtable with farmers, landowners and agricultural organisations in Llanelwedd, the PM will also reiterate her commitment to maintaining current funding levels until the end of this Parliament to ensure farmers have the certainty they need to plan for their business.

She added: “This Government is committed to supporting the half a million people who work in agriculture and growing our world leading food and drinks sector, which contributes over £100 billion to the UK economy. But we also need to protect the farmed environment for future generations.”