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Advice for navigating changes in farm support
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© Tim Scrivener
The phase-out of the Basic Payment Scheme (BPS) is set to have a huge impact on farm incomes across England.
After the first cuts this year, farm businesses face the loss of at least half their annual basic payment by 2024 – with the whole lot gone by 2028.
Incomes will be down by as much as £230/ha, say farm business consultants.
BPS funding currently represents some 58% of profit across all farm types – with sectors such as grazing livestock performing significantly worse.
How £55,000 in BPS income will decline
2020
Efficiency gains will go some of the way to reduce the impact of these changes. ....

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