Prime ministerial candidate Jeremy Hunt has promised £6bn to help farmers, the food industry and fishermen with the consequences of a no deal Brexit. However, farmers would much rather compete on a tariff free market and food processors would rather not have to face more complicated customs declarations. Continuity in trading relationships not compensation is the way forward.
Of course, Jeremy Hunt would say that he prefers an orderly exit with a deal, but we are in a danger of talking ourselves into a no deal Brexit.
Meanwhile, after two decades of negotiations, the EU has concluded a trade deal with Mercosur. Farm organisations are complaining that the interests of their members have been sold down the river so that other sectors can benefit and certainly agri-business interests in Brazil are celebrating.
However, the broader point is that the UK on its own will find it more difficult to secure a good deal with the likes of Mercorsur.
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