UK to continue farm subsidies for years after Brexit

AFP, LONDON: The British government said yesterday it will match European Union subsidies for farmers for several years after Brexit, until it puts in place a new system focusing more on environmental protection. British farmers receive around £3 billion (3.37 billion euros, $4.06 billion) a year from the bloc’s Common Agricultural Policy, of which around three-quarters is delivered through direct payments, according to the National Farmers Union (NFU).

Environment Secretary Michael Gove said the government would match these so-called Basic Payment Scheme funds for “a number of years” beyond a two-year transition intended to ease Britain’s withdrawal.

The Times newspaper reported that the money would continue until 2024 under the proposals, which will be put out to consultation later this year.

“That guaranteed income should provide time for farmers to change their business model if necessary, help to make the investment necessary for any

adjustments and prepare for the future,” Gove told a farming conference in Oxford.

Britain will leave the CAP when it leaves the EU in March 2019, but is seeking a transition period in which the relationship with Brussels will continue on similar terms.

The government had already promised to protect the total amount of funds allocated to farming support until 2022.

UK to continue farm subsidies for years after Brexit

AFP, LONDON: The British government said yesterday it will match European Union subsidies for farmers for several years after Brexit, until it puts in place a new system focusing more on environmental protection. British farmers receive around 3 billion (3.37 billion euros, $4.06 billion) a year from the blocs Common Agricultural Policy, of which around three-quarters is delivered through direct payments, according to the National Farmers Union (NFU). Environment Secretary Michael Gove said the government would match these so-called Basic Payment Scheme funds for a number of years beyond a two-year transition intended to ease Britains withdrawal. The Times newspaper reported that the money would continue until 2024 under the proposals, which will be put out to consultation later this year. That guaranteed income should provide time for farmers to change their business model if necessary, help to make the investment necessary for any adjustments and prepare for the future, Gove told a farming conference in Oxford. Britain will leave the CAP when it leaves the EU in March 2019, but is seeking a transition period in which the relationship with Brussels will continue on similar terms. The government had already promised to protect the total amount of funds allocated to farming support until 2022.