Wynnstay has reported half year results which reflect the weaker trading conditions within the sector.
Revenues increased to £260.57m (2018: £218.53m), with profit before tax down to £4.12m (2018: £4.91m) and net assets up by 5.6% to £92.97m (2018: £88.05m).
They did say that considering the external factors they were a decent set of results.
The company urged politicians to avoid a no deal Brexit but added that they did not feel people were listening.
Gareth Davies, Wynnstay Chief Executive, said: “The combination of abnormally warm weather, which reduced feed demand during traditionally important months, and more cautions spending patterns by farmers in reaction to a softening in farmgate prices and Brexit uncertainties, created challenges for the agricultural supplies sector.
"Wynnstay’s results reflect this."
On Brexit, the company added: "It is clear that infrastructure spending has been delayed by many farmers while the outcome of Brexit remains unclear.
"Sheep farmers in particular remain concerned about Brexit uncertainties, given the importance of the EU as a market for their lamb."
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Paul Roberts, financial director of Wynnstay, said: "It is the uncertainty that is the issue - it is stifling investment, investment is being put on hold."
He said this was particularly impacting the Welsh sheep farming sector where he said farmers don't know if EU exports will be hit with 50% tariffs in the event of a no-seal Brexit after October 31.
He added: "We don't want a no deal Brexit, we are talking to politicians with this message and would love to say we could influence them but really no-one is listening."
Despite these issues they did say the outlook was positive with the company working across diverse parts of the industry. They said the long term outlook with a drive towards greater food self sufficiency in the 海角视频 was also a good thing.
The agriculture division saw revenues of £195.05m (2018: £160.14m) and operating profit of £1.79m (2018: £2.05m).
The results reflected the reduced demand for feed during the traditionally peak winter months, however the mild and drier weather conditions drove demand for fertiliser and grass seed.
The specialist agricultural merchanting division saw revenues of £65.48m (2018: £58.27m) and operating profit of £2.67m (2018: £3.10m), this was primarily driven by an expanded network of depots, however the business also experienced a reduced demand for weather related products during the mild winter.
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“We continued investing in our manufacturing and production plants, and have also expanded our farming customer base, strengthening our presence in the South West with the acquisition of Stanton Farm Supplies in April 2019,” explains Mr Davies.
“Wynnstay’s long-term prospects within the industry remain strong, and at this stage of the financial year, the Board’s expectations for the full year outcome remain unchanged.”