Farmers are set to receive a cash boost thanks to increased entitlement rates and the drop in the value of the pound.
The changes will mean BPS payments are worth 25 per cent more on average this year, compared to 2015.
Money is due to start hitting farmers’ bank accounts from December 1.
Farming Minister George Eustice said: “Exchange rate changes since the decision to leave the EU have led to a recovery in many farming sectors and BPS payments next year will be 25 per cent higher than in 2015.”
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.
|Non-SDA (Severely Disadvantaged Areas)||€77.69||€77.71||€76.19|
|Upland SDA, other than moorland||€76.92||€77.15||€75.64|
|Upland SDA moorland||€21.32||€20.39||€19.99|