A new report predicts a drop in the number of young people choosing livestock farming as a career in Wales.
HSBC Bank and NFU Cymru, which carried out the research, said that young people were increasingly looking for employment outside of the beef and sheep farming industry.
Only 58 per cent of the farmers surveyed for the report said that they thought that the next generation of their family would be livestock farmers.
President of NFU Cymru, Dai Davies, said: "This vindicates a common concern that on a significant number of farms the next generation are looking for employment outside of farming because of the difficulty in generating comparable incomes to those outside of farming and the economics of the farming business, all too frequently, are unsustainable."
However, the report did identify an increase in confidence in the livestock farming industry compared to the same time last year.
Only 15 per cent of those surveyed this time last year said that they intended to increase their cattle numbers, compared to 31 per cent this year.