UFU Chief Executive Clarke Black this week joined other business leaders in a meeting with the First and Deputy First Ministers.
The meeting focused on ways to maintain economic activity in Northern Ireland at a time when the UK and Global economies are sliding towards recession.
The UFU put forward concrete proposals aimed at generating economic activity in the economy.
Clarke Black said: "One way to avoid the worst impact of the current global downturn is to ensure money is still being spent in our local economy.
"The
Farm Modernisation Scheme is a prime example. For every £4.00 of public money invested, farmers will spend another £6.00 and this will generate economic activity and secure jobs in the rural economy.
"We have suggested that the Government should invest more money in the Farm Modernisation Scheme, because farmers will respond and spend the money to improve their facilities and in the process help the wider economy".
The UFU also highlighted the fact that funding for Electronic Identification has not been secured and this was another example of a way in which the Government could put capital support into agriculture and boost economic activity.
The lack of response to the Red Meat Task Force Report and the need for support to re-structure the dairy sector were also discussed in what was an important opportunity to highlight the needs of the farming community to Peter Robinson and Martin McGuiness.
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