The RPA announced the confirmation of the exchange rate to be used when calculating the 2016 Basic Payment Scheme payments. The figure compares considerably favourable to the 2015 claim and should see applicants with a higher payment than last year.
In 2015 the exchange rate was set at €1 = £0.73129 and today the RPA announced the 2016 exchange rate is €1 = £0.85228. this sees an increase of over 10 pence. This could see significant changes in total payments this year.
If you would like to discuss your claim or future applications further please contact Christopher Powell in the Marlborough office
Rural Practice Surveyor