Basic Payment Scheme
70% BPS Advance Confirmed
A 70% advance of the Basic Payment will be paid from October 16th, it has been confirmed.
IFA Deputy President Richard Kennedy welcomed confirmation of the 70% advance, saying it is necessary given difficult weather conditions, as well as the serious cash flow problems developing on farms as result of poor prices related to Sterling fluctuations because of Brexit.
IFA has also sought an 85% advance on GLAS payments for the 50,000 farmers due a 2017 payment later this year.