BPS rate fixed from now on?

[Goweresque]

Since we left the EU (legally speaking) in Feb this year, was this years BPS calculated using an exchange rate from euros as before, or were we just given exactly the same payment rate as last year? Or was there some other calculation method? And what will happen in coming years, will the headline rate per entitlement hectare always be the same from now on, just declining as the years go by?

 

[bobk]

Since we left the EU (legally speaking) in Feb this year, was this years BPS calculated using an exchange rate from euros as before, or were we just given exactly the same payment rate as last year? Or was there some other calculation method? And what will happen in coming years, will the headline rate per entitlement hectare always be the same from now on, just declining as the years go by?

Presumably the euro isn't a factor now

 

[Goweresque]

Presumably the euro isn't a factor now

Well thats what I'd assume too. But I never heard anything announced as to what the final conversion rate would be/was.

 

[B'o'B]

https://www.gov.uk/government/news/basic-payment-scheme-2020-entitlement-values-and-greening-rates

Announced 3 November.

 

[poorsheepfarmer]

Was the same as last year

 

[Ronan]

hi it was wondering where could get a free pdf for a Leyland 25

 

[Farma Parma]

Am sure ive been told that the rates going forward will be much the same as present & the RPA soon will issue every farmer in the land a full breakdown of the next 7yrs of payments as there current
farming operation stands from these years claim, that might be right or might not be its just someone who knows high up folks in the RPA talk.

 

[Werzle]

Am sure ive been told that the rates going forward will be much the same as present & the RPA soon will issue every farmer in the land a full breakdown of the next 7yrs of payments as there current
farming operation stands from these years claim, that might be right or might not be its just someone who knows high up folks in the RPA talk.

Same money next year then 20% less in 2022, 35% less in 2023 and 50% less in 2024

 

[Frank-the-Wool]

Not only is it fixed but you cannot have your payment in euros any more!!

 

[yellow belly]

Same money next year then 20% less in 2022, 35% less in 2023 and 50% less in 2024

bps is reduced from next year 2021 5% for smaller claims

 

[Hindsight]

Can calculate it using this.

Farm Business Review Tool withdrawn | AHDB

Assess your business and get ready for a world without BPS payments.

bic.ahdb.org.uk

 

[Farma Parma]

Same money next year then 20% less in 2022, 35% less in 2023 and 50% less in 2024

yeah i know the reductions it was the payment rate per ha i was meaning id have presumed it will be stable at this years & year before is what i meant

 

[Farma Parma]

Not only is it fixed but you cannot have your payment in euros any more!!

Took my bank several months too realize that & when they did the daily forward exchange emails finally stopped