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2014 Single Payment Scheme exchange rate finalised

The exchange rate for the 2014 Single Payment Scheme was announced on 30th September.

The official exchange rate for the 2014 Single Payment Scheme has been announced at £0.77730/€. This represents a decrease of over 7% on the 2013 rate and is the least favourable rate for British farmers since 2007. This will obviously not affect those who have taken their 2014 payment in Euros.

Whilst we do now know the exchange rate that will be applied, it is still too soon to be able to project the actual payment amount as there are other factors which affect the number of Euros paid per activated entitlement, such as financial discipline, which have not yet been confirmed.

Previous year's exchange rates

2005

£0.68195 per €

2006

£0.67770 per €

2007

£0.69680 per €

2008

£0.79030 per €

2009

£0.90930 per €

2010

£0.85995 per €

2011

£0.79805 per €

2012

£0.79805 per €

2013

£0.83605 per €