EXCHANGE RATE CONFIRMED FOR BASIC PAYMENT SCHEME (BPS) 2017

The RPA has now set the exchange rate for BPS 2017. The rate is set using the average exchange rate between the pound and the euro throughout September.

The 2017 BPS payments from euros to pounds will be at €1 = 0.89470. The BPS 2016 exchange rate was €1 = £0.85228.

This is welcome news for farmers who will benefit from an almost 5% increase on last year’s claim!

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