2019 BPS Exchange Rate to be slightly lower than 2018

Farm

 

 

The 2019 Basic Payment Scheme (BPS) exchange rate has been confirmed by the Rural Payments Agency (RPA).

 

 

 

 

The euro exchange rate for calculating 2019 BPS payments made in sterling will be €1 = £0.89092.  

 

This figure is slightly lower than 2018 and 2017's BPS exchange rate. The rate in 2018 was €1 = £0.89281 and it was €1 = £0.89470 in 2017.

 

The exact value of each BPS entitlement will not be confirmed until November. The value is based on the total number of hectares of eligible land claimed in each region.

 

Farmers should expect to receive payments of similar value to last year.

 

Farmers will be due their BPS payment from Monday 2 December.