Farmers Weekly has reported that, in light of the cashflow crisis facing many agricultural business, the Rural Payments Agency has announced that farmers in England will receive a 50% advance on their basic payment scheme

Farmers have been under increased financial pressure this year, amid soaring inflation and ‘exceptionally dry’ growing conditions.

The twice-yearly instalments are set to be permanent, bringing them in line with the regular payment system being introduced with the new Environment Land Management (ELM) scheme, said RPA chief executive Paul Caldwell.

Farmers in England are likely to receive funds by the end of July.

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Farmers Weekly - 50% advance BPS starts in England to help struggling farms