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UK Agricultural Finance continues to lend

UK Agricultural Finance continues to lend

The first few months of the year have been a busy time, with increasing numbers of enquiries after the uncertainty around the election. Unlike other lenders, UKAF has kept writing loans during the lockdown, thanks to secure funding lines across its bridge and term products, supported by a rapid move to remote working. UKAF and […]

Update on farm payment schemes

Update on farm payment schemes

The Rural Payments Agency (RPA) has now paid almost 99% of eligible farmers under the Basic Payment Scheme (BPS 2020). The latest figures from the RPA show that BPS payments worth £1.76 billion were made to farmers by 29 February. This is an improved position on last year, with 1.4% more customers paid by the […]

Farmer business grant available in Wales

Farmers in Wales have the chance to apply for capital grants under the new Farm Business Grant Scheme. The grant is designed to help farmers in Wales to improve the economic and environmental performance of their agricultural holdings and will provide a 40 per cent contribution towards capital investments in equipment and machinery that have […]

Thousands of BPS 2017 applications received

More than 10,000 2017 Basic Payment Scheme (BPS) applications have been submitted since the application window opened on 1 March, the Rural Payments Agency (RPA) has announced. The RPA is encouraging farmers to apply online now, to ensure that their application is submitted before the deadline. Applying online means that farmers and agents can quickly […]

CAAV welcomes Treasury’s commitment to farming

CAAV welcomes Treasury’s commitment to farming

The Central Association of Agricultural Valuers has welcomed reassurance from the Treasury that funding will continue for new agri-environment agreements starting before Brexit. Chancellor Philip Hammond made the announcement on Tuesday, 3 October, ending months of uncertainty over the future of Countryside Stewardship payments. Having previously stated that the government would honour funds for projects […]

Thousands of farmers and agents submit 2016 BPS applications early using online system

Over 2,000 applications for 2016 Basic Payment Scheme (BPS) have been completed and submitted so far, using the online Rural Payments service, the Rural Payments Agency (RPA) announced today (30 March). The RPA is encouraging farmers and agents to apply online now, so that they submit their applications in good time, ahead of the May […]

2015 Basic Payment Scheme update

2015 Basic Payment Scheme update

Over 72,700 farmers (almost 84% of all eligible claims) have now received their 2015 Basic Payment Scheme (BPS) payments, bringing the total paid out for the 2015 scheme to £1.15 billion. Farmers have said they would benefit from more certainty regarding when they will receive their payment. Last week the Rural Payments Agency (RPA) started […]

FUW reiterates desperate need for farm payment release

The FUW has reiterated its concerns for the agricultural industry regarding the delay in issuing Basic Payment Scheme and agri-environmental payments to farmers in a letter to Deputy Minister for Food and Farming Rebecca Evans – warning that many in the industry are now facing extreme financial difficulty. FUW President Glyn Roberts, said: “Over the […]

BPS 2015 payments continue to flow to farmers in England

66,800 farmers in England (77%) had been paid their 2015 Basic Payment Scheme (BPS) payment by the end of January. The announcement from the Rural Payments Agency (RPA) means that over £1 billion of an estimated total fund of £1.43 billion has now been paid out for 2015. The RPA has also confirmed timings indicating […]

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