Single Payment Scheme (SPS) exchange rate fix

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“Few will see the positives from DEFRA’s announcement today, however the inter pillar transfer reduction could have been worse if DEFRA had applied the maximum movement of funds between the pillars. One positive we will see next year is the use of the Euro exchange rate based on the average of the European Central Bank rates set over the month of September for the new Basic Payment Scheme next year.  This will help manage the risk of a fluctuating exchange rate we have seen in recent weeks, and is something the NFU lobbied for during last year’s reform of CAP.”

 

NFU Press Office

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Interviews

Officeholders at NFU Conference 2014_275_185NFU Officeholders and board members can provide interviews and comment with sufficient notice. The NFU also has specialists in each sector, discipline of science and policy that can be available to provide comment. Please contact the Press Team to discuss your request.

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Regional

For European queries please contact the main Press Office.

There are also NFU press officers throughout England and Wales, see contact details below.

East Anglia | Brian Finnerty | 01638 672125 | YnJpYW4uZmlubmVydHlAbmZ1Lm9yZy51aw==

East Midlands | Alison Pratt | 01572 824260 | QWxpc29uLnByYXR0QG5mdS5vcmcudWs=

North East | Rachael Gillbanks | 01904 451553 | cmFjaGFlbC5naWxsYmFua3NAbmZ1Lm9yZy51aw==

North West | Carl Hudspith | 01695 554913 | Y2FybC5odWRzcGl0aEBuZnUub3JnLnVr

South East | Isobel Bretherton | 01730 711956 | aXNvYmVsLmJyZXRoZXJ0b25AbmZ1Lm9yZy51aw==

South West | David George | 01392 440721 | ZGF2aWQuZ2VvcmdlQG5mdS5vcmcudWs=

West Midlands | Oliver Cartwright | 01952 409235 | b2xpdmVyLmNhcnR3cmlnaHRAbmZ1Lm9yZy51aw==

Wales | Communications Adviser, Sarah Jones | 07860 423299 | c2FyYWguam9uZXNAbmZ1Lm9yZy51aw==

Assistant Communications Adviser, Awel Morris | 07973 237885 | YXdlbC5tb3JyaXNAbmZ1Lm9yZy51aw==