UPDATED TO INCLUDE DEFRA’S AGRICULTURAL TRANSITION PLAN ANNOUNCEMENT ON 30 NOVEMBER 2020
The government has provide more details of Basic Payment Scheme (BPS) direct payments will be phased out in England starting in 2021. Many farmers wish to assess what effect it will have on their farm business profits.
Our Farming Department has produced two tools to help you explore and understand what this may mean for your business.
2020-2028 BPS calculator
This simple calculator shows how Basic Payments are likely to reduce from 2020 to 2028, so businesses can start to consider how the cuts will affect their profitability. Defra has confirmed how payments will be reduced until 2024 and we have assumed a straight line cut from then to 2027.
If you would like a copy of our calculator from the farming team, please click on the button below.
Effect on net profits of changes in farm support & the new Environmental Land Management System (ELMS)
Our other calculator generates a bespoke, two-page report for any farm. It produces estimates based on three scenarios – our standard assumptions plus optimistic and a pessimistic ones – for profits from farming, agri-environment, diversification and Basic Payments.
If you would like one of our farming team to run this calculator for you, please click on the button.