The government has published a consultation the Basic Payment Scheme (BPS) to support farmers through the agricultural transition period from now until 2027. It seeks to gain responses on two key areas:
Lump sum exit scheme
The government proposes to offer farmers a lump sum payment to help them retire or leave the industry in a planned and managed way.
The government plans to phase Direct Payments out over a gradual seven year transition period. Separating the payment from the amount of land farmed from 2024 as well as encouraging farmers to take up the government’s new environmental land management schemes, which will reward sustainable food production and environmental improvements.
The proposals within the consultation seek to encourage generational change by providing more flexibility for new entrants to start up their farm businesses and supporting those who are ready to leave the sector to do so on their own terms.
The consultation will close for responses on 11 August 2021. If you would like to respond to the consultation click here