The new Agriculture Bill has fired a starting gun for England’s farmers to manage post-Brexit change, according to the Central Association of Agricultural Valuers (CAAV).
Farmers have been awaiting details on what post-Brexit policy and payments will look like – and now they know, they should act, says Jeremy Moody, secretary and adviser to the CAAV.
“We have been given a clear timeframe for the complete removal of BPS for English farmers. BPS is to be phased out from 2021 to 2027 and then it will be gone. That gives a time window in which farmers and their advisers should review their businesses, consider how best to handle the likely erosion of margins, and deliver the necessary changes.”
Based on his own calculations, Mr Moody expects BPS to be cut by 5% in 2021, with those receiving larger payments seeing cuts of up to 25%, with further phasing out thereafter. “This will release money for new land management schemes – although environmental payments will not replace that loss in margins.”
Take a look at the CAAV calculations here >>>
Farmers have been awaiting details on what post-Brexit policy and payments will look like – and now they know, they should act, says Jeremy Moody, secretary and adviser to the CAAV.
“We have been given a clear timeframe for the complete removal of BPS for English farmers. BPS is to be phased out from 2021 to 2027 and then it will be gone. That gives a time window in which farmers and their advisers should review their businesses, consider how best to handle the likely erosion of margins, and deliver the necessary changes.”
Based on his own calculations, Mr Moody expects BPS to be cut by 5% in 2021, with those receiving larger payments seeing cuts of up to 25%, with further phasing out thereafter. “This will release money for new land management schemes – although environmental payments will not replace that loss in margins.”
Take a look at the CAAV calculations here >>>
