UK Chancellor Sajid Javid has pledged £2.9 billion in funding for farmers over the next year, reported TalkRadio on Monday.
The chancellor championed a post-Brexit opportunity of being "freed" from what he described as European Union limitations.
“When we leave the EU and are freed from the Common Agricultural Policy, we will be able to support our vital rural communities - who are a cornerstone of life in the UK - with a fairer and less bureaucratic system. Farmers can enter the new year with confidence that they have our backing and will be able to thrive after Brexit”, he said.
The package will reportedly be spread across a period of two years and will be used to support UK farmers as part of the government's post-Brexit policy in which the country will also leave the EU's Common Agricultural Policy (CAP) direct-payment scheme.
The treasury confirmed that the CAP system will be replaced with an arrangement “based on public money for public goods”.
The new funding will see direct payments for 2020 maintained at the same level as in 2019, as well as replacing remaining EU funding which farmers will continue to receive for development projects up until 2023 - after which the arrangements are uncertain.
Environment Secretary Theresa Villiers reiterated a pledge that the government is "committed to making sure our rural communities feel the benefits of Brexit and will ensure our farmers get a better deal".
The policy has been met with skepticism, as the president of the National Farmer’s Union Scotland, Andrew McCornick, noted that the funding is welcome but more assurance for “long-term funding commitment for farming”, and to “secure a fairer share of returns from the supply chain" is still required.
This news comes following an election in which the Conservative manifesto focused primarily on Brexit amid claims by the opposition Labour Party that the UK withdrawal from the EU will result in widespread cuts to social spending
Since the election of Boris Johnson as the Conservative leader, rhetoric from Britain's ruling Conservatives has shifted toward promises for increased spending.
In September, Javid declared an "end" to austerity, a move announced concurrently with the prime minister's pledge to increase police numbers by 20,000 and prior to a drop in tax cut pledges.