UK to continue farm subsidies for five years after Brexit
British farmers receive around £3 billion (€3.37 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.
A government official said this would likely be around five years after Brexit — to 2024 — although the proposals will depend on a consultation due to be launched 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. ■