Sarah Parker: Wilkin Chapman Why the need for change? As has been well reported, the Basic Payment Scheme (BPS) is being phased out and farmers are facing between a 5% and 25% reduction in payments for this year alone, with further cuts ahead. Even with the new BPS progressive reductions calculator available on the government website, the amount to be received from this income source is uncertain over the coming years. What are the opportunities? New financial support streams are on their way, which will reward farmers for “public goods”. And, of course, Brexit has created the opportunity to explore new markets, which could lead to new income streams for farmers and landowners.