Farming businesses 'could be wiped out after Brexit transition'

The dairy industry would be hit hardest by tariffs on the export front, said the committee.Food prices could rise sharply and farming businesses could be wiped out at the end of a Brexit transition period, a House of Commons committee has warned.The cross-party environment, food and rural affairs select committee said the timetable for concluding a new free trade deal with the EU by the end of 2020 was “extremely ambitious”.