The Welsh government has delivered its budget. Wales received an extra £1 billion from Westminster in the autumn budget which means that all departments have seen seen an increase in the money available to them. There's a 6.6% increase in revenue and a 31% increase in capital funding for climate change and rural affairs. The Welsh government says it's prioritising support for agriculture by maintaining the budget for the main farm subsidy, the Basic Payment Scheme, at £238m next year, with an uplift too in the funding available for wider rural investment schemes.

DEFRA has announced a new Countryside Stewardship Higher Tier scheme is to open next year, with quarterly payments and a rolling application window. There are also new schemes for flood resilience, species abundance and Sites of Special Scientific Interest. However, some farmers are still angry about changes to inheritance tax announced in the budget and are staging a tractor rally in London.

Donald Trump may not become President until next year but he's already indicated clearly his approach to trade: he's talked about increasing tariffs on imports into the US and protecting American farmers. At the same time, the UK government is drawing up closer ties with the European Union. With war in Ukraine and conflict in the Middle East, it's a challenging time for global trade. So how will the UK's food producers be affected, and how do we make ourselves competitive in such a disrupted global market?

All week we're taking a look at the dairy industry. Although milk production has been maintained across the UK, the number of individual dairy farms has fallen.

Presenter = Anna Hill Producer = Rebecca Rooney