2017 Basic Payment Scheme
5th October 2017
The Euro/Sterling exchange rate for calculating the 2017 BPS payments has been set and is just under 5% higher than last year.
The average rate through September will be 1€ = £0.89470.
Therefore, on first analysis, the Basic Payment (combined for both entitlement and greening) will be £91.60 per acre (£226.34 per hectare).
This payment is before financial modulation reductions and adjustments but is nonetheless a good result for the farming industry for 2017.