The organisation will be called Farmers Markets in Wales, said Welsh Development Agency agri-food support manager Jonathan Parker.
“The state aid notification from Europe allows us to develop farmers market activities using Welsh Assembly and WDA funds.”
Although they were not a panacea to the problem of poor returns, farmers markets did enable producers to cut out middlemen and add some value to their own goods, said Parker.
However, funding has not been spread consistently. “Over the last four years we have found that markets have been securing public funds, leading to the growth of some markets at the expense of others.
“By introducing a flat grant structure through FMIW, we hope to overcome this problem and allow existing and new markets to become sustainable.”