Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

Arable Farming Magazine

Arable Farming Magazine

Dairy Farmer Magazine

Dairy Farmer Magazine

British Farming Awards

CropTec

LAMMA 2018

New to Farmers Guardian?
Register Now
Login or Register
New to Farmers Guardian?
Register Now
New to Farmers Guardian?
Register Now

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days
Already a Member?

Login | Join us now

RPA announce increase in entitlement values on top of exchange rate uplift for BPS payments

The Rural Payments Agency (RPA) has confirmed entitlement values and payment rates for greening which will be used to calculate farmers’ 2016 BPS payments.



Twitter Facebook
Twitter Facebook
Share This

Farmers benefit from BPS 2016 sterling uplift and rise in entitlement values

Farmers were already expecting a 16.5 per cent increase in the value of their 2016 payments as a result of the fall in the value of sterling since Brexit.

 

The movement in the value of the pound will put more money in farmers’ pockets as payments are set in euros then converted to sterling using the average exchange rate across September. The euro exchange rate which will be used to calculate all payments is €1 = £0.85228.

 

But there was more good news this week as the RPA announced an increase in the value of entitlements, pushing the overall increase in payments to almost 19 per cent.

 

George Chichester, partner at Strutt & Parker, said: “Farmers will be subject to a reduction known as financial discipline, which will slice off 1.353905% of all payments over €2000, to enable the EU to create a crisis fund for farming.

 

“However, even taking this into account, the payment for lowland ground in England will be £212.69/ha which is nearly £34/ha more than in 2015.”

 

Entitlement values: BPS

 

  • €175.27 for non-SDA (Severely Disadvantaged Areas)
  • €174.01 for upland SDA, other than moorland
  • €45.97 for upland SDA moorland

 

Greening rates

 

  • €77.71 for non-SDA (Severely Disadvantaged Areas)
  • €77.15 for upland SDA, other than moorland
  • €20.39 for upland SDA moorland

 

Young Farmer Payment

 

Eligible Young Farmers who applied will receive an additional payment equivalent to a quarter of their entitlement value.

 

The scheme guidance can be found at GOV.UK/guidance/bps-2016

 

Financial Discipline Mechanism

 

The Financial Discipline Mechanism (FDM) deduction rate has been confirmed at 1.353905% by the European Commission. The RPA will now use this rate to calculate 2016 BPS payments by applying it to all payment amounts over €2,000.

 

This will be used to create a reserve fund to support the farming industry in times of crisis, such as disease outbreak.

 


Read More

‘It seems to be a one-way street on their terms’ - RPA blasted over claims confusion ‘It seems to be a one-way street on their terms’ - RPA blasted over claims confusion
68 per cent of BPS 2016 claimants paid 68 per cent of BPS 2016 claimants paid
BPS 2015 correction payments still not right BPS 2015 correction payments still not right
BPS 2015 headaches continue across UK's farms BPS 2015 headaches continue across UK's farms
BPS 2016 payments roll in, but RPA ‘still stretched’ BPS 2016 payments roll in, but RPA ‘still stretched’

Twitter Facebook
Post a Comment
To see comments and join in the conversation please log in.
Facebook
Twitter
RSS
Facebook
Twitter
RSS