The Government has claimed that British farmers will see a boost in basic payments this year after Farming Minister George Eustice increased entitlement values and greening rates.

Coupled with the favourable BPS exchange rate (of €1 to £0.8947) which was confirmed in September, basic payments will be worth 25% more on average this year, compared to 2015.

Mr Eustice commented, “Exchange rate changes since the decision to leave the EU have led to a recovery in many farming sectors and BPS payments this year will be 25% higher than in 2015.”

The RPA has published this year’s BPS rates and says the money will be in farmer’s bank accounts from 1 December. Under the Basic Payment Scheme (BPS), farmers need to hold an entitlement for every hectare of eligible land they are claiming on. The size of farmers’ payments will depend on how many entitlements they use, supported by eligible land and the value of those entitlements. The greening part of payments will be calculated by taking the number of entitlements that they have used with eligible land to claim payment and multiplying it by the greening value. Entitlement values of non-Severely Disadvantaged Areas for 2017 are €180.46 with a greening rate of €77.69.

Photo Caption: Farming Minister George Eustice.

Photo Credit: Wikimedia

The post Rural Payments Agency confirms BPS 2017 appeared first on Hort News on 22 November 2017.