Exchange Rate Set for Basic Payment 2017

Exchange Rate Set for Basic Payment 2017
EB

The Rural Payments Agency (RPA) has confirmed the exchange rate for Basic Payment Scheme (BPS) 2017 payments made in sterling. The euro exchange rate for calculating BPS 2017 payments has been set. The rate, an average of the European Central Bank exchange rates set in September, will be €1 = 0.89470

Therefore, approximate payment rates for 2017 taking into account FMD will be –

                Non-SDA              £228.00/ha (£92.00/ac)

                SDA                        £226.00/ha (£91.50/ac)

                SDA Moorland   £63.00/ha (£25.50/ac)

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