The BPS 2019 payment exchange rate has been confirmed as €1 = £0.89092, which is the average of the European Central Bank exchange rates during September. This is a marginal drop compared to 2018 BPS payments where the rate was €1 = £0.89281.

The RPA is due to start making full payments on Monday 2nd December when the payment window opens. Given the negligible change compared to last year’s exchange rate, farmers can expect payments to be very similar to last year.

If you would like any advice on the matter above, please do not hesitate to get in touch – 01684 325215 / 07814 033449 office@cpwdaniell.co.uk