Advice for navigating changes in farm support >More in
© 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.
Farmers face once in generation decisions amid BPS cuts
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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.