HM Treasury confirmed last year on 24th July 2018 that, even in a ‘no deal’ Brexit scenario, funding is guaranteed for Countryside Stewardship (CS) agreements signed by 31st December 2020 for the life of the agreement, provided they offer ‘good value for money’ and are ‘in line with domestic strategic priorities.’
Delivery of CS (and Environmental Stewardship) was subsequently transferred to the Rural Payments Agency effective 1st October 2018.
The remaining deadline for this year’s submissions is 31st July 2019 for Offers and Mid Tier Schemes, and our Rural Team are busy finalising submissions on behalf of our clients.
Future of Farming Payments
BPS and CS will phase out and be replaced by ELM (Environmental Land Management), which will be rolled out nationally 2025-2027.
Between 2021 and 2027 it is expected that BPS will be decreased each year but as yet the structure of the annual decrease has not been confirmed.
As can be seen from the above infographic originally sourced from the Central Association of Agricultural Valuers (CAAV), it is only a matter of time before farmers will be paid “public money for public goods”.
We therefore strongly advise that you consider an environmental scheme on your holding, not only to guarantee a source of income throughout the inevitable turbulence of Brexit but also to ensure that you are “ahead of the game” from 2025.
For further information and assistance please call our Rural Team on 01608 661666.