In a world where much is unknown, here’s one thing we do know: Farms will see a huge drop in direct subsidy payments over the next nine years.
A 200ha (500 acre) farm received a BPS payment of £45,700 in 2018; dependent upon fl uctuations in the exchange rate, this will be similar in 2019 and 2020. 2021 will see a reduction of just over £3,000, followed by aggressive annual reductions with payments tailing off to £0 in 2028. Tempting as it is to put one’s head in the sand and hope that it’s never going to happen, I would suggest that this probably isn’t the best course of action, it certainly didn’t serve David Cameron very well!
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Article by Kevin Jay Open PDF