Friday, March 09, 2012

Subsidy cuts could be deeper than anticipated

The cut in single farm payment subsidies could be deeper than the anticipated four to five per cent according to Richard King of Andersons. He thinks that pressure on the EU budget could see the amount of money available through the reformed CAP reduced by twelve to fifteen per cent.

In real terms the loss would be even greater and farmers in Scotland and Wales could see bigger cuts as payments moved from an historic to a flat rate basis.

Snaller traditional family-run mixed farms were likely to be hardest hit by the cuts, as many relied on subsidy payments to get anywhere near making a profit.

1 comment:

Unknown said...

It seems like the EU was trying to reward collective action, but in the bureaucratic failures of accountability people who didn't need the money were still given taxpayers money. - Panorama - BBC