82.5 per cent of Welsh farmers will receive Single Payments totalling more than £200million from Tuesday, 1 December.
This matches last year’s achievement, in addition to processing 258 Advance payments worth about £5million in mid October to farmers affected by the demise of Dairy Farmers of Britain.
Attending the Royal Welsh Winter Fair at Llanelwedd, Elin Jones said:
“I am pleased to be able to give this good news today. This year I expect 90 per cent of our farmers to receive their payments by the end of December.
“Being able to plan ahead is important for all businesses, including farming. The fact that so many farmers can expect to receive their Single Payment in the first month of the seven-month payment period will be of great assistance, particularly in these times of financial difficulty.
“This demonstrates the commitment and dedication of staff in Rural Payments Wales to helping farmers in these difficult economic times.
Further welcome news is that there will be a small boost in income for most Welsh farming families this year, as those that receive the single payments in sterling will get an 11 per cent increase, net of modulation, for the same entitlements held, as a result of the exchange rate difference.
