Farminguk
09 December 2018 | Online since 2003


FarmingUK
FarmingUK Logo
5 December 2018 16:00:00 |Finance,News

More than 65 percent of farmers receive 2018 BPS on first day


Two thirds of 2018 BPS payments have been made in the first day of the payment window

Two thirds of 2018 BPS payments have been made in the first day of the payment window

This year's BPS payments have been made to more than 65 percent farmers' bank accounts in the first day of the payment window, the Rural Payments Agency has announced.
Farmers have been receiving their 2018 Basic Payment Scheme (BPS) money in the first day of the payment window (3 December), according to latest figures from the Rural Payments Agency (RPA).
The agency has assured farmers that at least 90 per cent of payments are on track to be made by the end of December.
Payments on 3 December were made to 55,179 of eligible claimants, worth more than £853.6 million in total. These include a range of 2018 BPS claim types and sizes.
RPA Chief Executive, Paul Caldwell, said: “We know how important payments are to farmers and their businesses. We’ve worked hard to make significant progress compared with last year’s performance and we remain focused on getting remaining payments into bank accounts as soon as possible.”
BPS payments are made direct to bank accounts via BACS transfer. Once a payment has been made a remittance advice is sent in the post, confirming the amount paid. Claim statements will also be sent, explaining how payments have been worked out.




Download

Trending Now