Calculator developed for Defra's exit scheme payment
4 June 2021 |
Defra hopes the lump sum exit scheme will create opportunities for a younger generation to own farmland
A calculator has been developed for farmers to compare what they might expect to receive under the government's lump sum exit scheme.
Strutt & Parker's calculator shows the Basic Payments farmers are projected to receive if they continue to claim throughout the rest of the agricultural transition period, between 2022-2027.
Defra's proposal is to pay farmers 2.35 x the average of the BPS payment across 2018-20, with the lump sum payable subject to a payment cap of £100,000.