FAIR TRADE FOR BRITISH FARMERS

That this House believes in fair trade for farmers, whether based in the UK or overseas; is concerned at reports of dairy farmers being offered as little as 10 pence per litre for their milk in the aftermath of the collapse of Dairy Farmers of Britain; acknowledges the fact that many British farmers from a variety of sectors are forced to accept payment for their produce by powerful buyers including supermarkets at a rate below the cost price; further believes that this unfair trade is a consequence of market failure and an imbalance of power between the producer, the processor and the retailer; and seeks to correct that imbalance by setting up a new, powerful Food Market Regulator with a remit to be proactive to ensure fair trade in the domestic food market to ensure that farmers, growers and consumers get a fair deal.