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Advice as Single Farm Payment application deadline looms

With the Single Farm Payment application date deadline looming, senior Moneycorp dealer, Chris Redfern offers some advice….

Large fluctuations in exchange rates look set to continue as the European and UK economies struggle to recover from the events of the last few years. As the Single Farm Payment deadline approaches on the 15th May, it is crucial that farmers understand how to ride the currency wave. UK farmers that selected to receive their payment in Euros equivalent to 100,000 last year would have been 5,508 better off. By acting now, farmers can put themselves back in control and decide when to secure the best possible exchange rate. The euro has been particularly strong against the pound in the last few months which is all the more reason to make sure you are getting the best possible deal when transferring your payment.

A currency specialist offers a wide range of flexible, free products, which allow farmers to secure an exchange rate in advance of the payment date. And in todays uncertain economic climate, this could be very favourable.

 

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