Speaking at the Royal Welsh Show in Llanelwedd, Alun Davies confirmed that viable proposals had been made to the Welsh Government by the Institute for Biological Environmental and Rural Studies (IBERS) at Aberystwyth University to take over the running of the farm.
The Deputy Minister said:
"The proposal was submitted to me at the end of June and I am pleased to say that we now have a clear plan. A plan for the continuation of existing research and the establishment of new research.
"I am delighted we have reached an agreement to retain the farm as a research centre, it is an exciting development which I’m sure will be welcomed by the local community, farmers and researchers alike.
"The retention of the farm as a research facility is the outcome most beneficial to the farming sector and will help realise our ambitions for sustainable agriculture in Wales."
The proposals also include the development of a Knowledge Exchange Centre for upland land use, a cultural heritage centre and two early entrants starter farms with an educational support mission linking to skills and training . Work with IBERS is ongoing towards a lease commencing in April 2013.