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Average income on sheep farms increases by 24% in 2020 relative to 2019

Average income on sheep farms increases by 24% in 2020 relative to 2019
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Calculator developed for Defra s exit scheme payment

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.

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