The Basic Payment Scheme (BPS) is on its way out and the transition to sustainable farming already underway.
Money recouped from the phased reduction in BPS payments is destined to fund new schemes over the transition period including investment in equipment and technology to improve productivity as well as innovation and research.
There is an opportunity now to re-assess businesses and operations, to consider different ways of working, research the technology that might help improve efficient practices and profitability so that when the funding comes online, you’re ready to embrace it.
We know farming is changing, it’s now up to our farmers and us as advisors to keep up to date and find the path that’s right for each of us.
Author: Melanie Holt