The Natural Resources Minister says he is "considering how best to provide long term support to our farmers in Wales."
The comments by Alun Davies come as he announces plans to relax dead animal burial rules.
He said that he is steadfast in his "support to develop an industry that is not reliant on subsidy."
"Providing additional further direct financial support into individual farm businesses is not the way to improve our long term resilience."
"I have consistently argued against the policy of the UK Government to reducing direct CAP payments to farmers precisely because I recognise that farm business require public support to become more efficient and profitable."
"I remain happy to consider any further practical support that the Welsh Government can provide both to the industry and to individual business at this difficult time."
More top news
Pushed into the limelight by Rhys Webb's injury, Gareth Davies is using this World Cup as his moment to shine.
It's good news all round on the weather front! Generally calm and quiet with decent spells of sunshine, if a little on the fresh side!
The classic Welsh show was broadcast across the UK in 60s, but only one copy remains