BPS 2017 payments exchange rate set

04/10/2017

The RPA has confirmed the euro exchange rate for calculating BPS 2017 payments will be €1 = 0.89470. The rate, an average of the European Central Bank exchange rates was set in September and will be just shy of a 5% increase (4.977%) on 2016 payments.

The previous year’s exchange rates for BPS were:

  • BPS 2016: €1 = £0.85228
  • BPS 2015: €1 = £0.73129

The RPA will start making full payments on BPS 2017 claims from the beginning of December.

Looking ahead to 2018, the recent changes to 'Greening' requirements (see news article on 9/8/2017) especially the rules surrounding the use of Plant Protection Products, will see farmers needing to think carefully about how they meet their Ecological Focus Areas.

Contact our Agricultural Department for more information and guidance on tel. 01226 299 221.

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