Entitlements trading begins for 2019 BPS claims

Posted by ChantelleStenner on February 18, 2019

Entitlements trading begins for 2019 BPS claims

February 18, 2019 at 3:58 PM

Trading has begun for farmers and landowners to buy, sell or lease Basic Payment Scheme (BPS) entitlements in readiness for the 2019 claim.

To maximise their 2019 claim, farmers should check that they have sufficient entitlements to match their eligible land area. The trading is based upon the exchange rate confirmed for 2018 being €1 = £0.89281.

“Any entitlements surplus to the land area being claimed in 2019 can be traded,” said Kathryn Williams who is trading entitlements at Davis Meade Property Consultants.

In Wales, all transfers must be made online via Rural Payments Wales Online and in England the transfer can be completed online through the Rural Payments Service.

In Wales, the deadline to buy and sell entitlements for the 2018 claim year is midnight on April 30, 2019 while in England farmers can trade online until midnight on May 15, 2019.

If you are looking to sell or purchase entitlements or need further advice please contact Kathryn Williams at Davis Meade Property Consultants on 01691 659658 or email kathrynwilliams@dmpcuk.com

For further details contact Kathryn Williams at Davis Meade Property Consultants on 01691 659658 or email kathrynwilliams@dmpcuk.com

 

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