Post BREXIT Exchange Rates
4th October 2016BREXIT: Initially a silver lining for farmers?
Since the BREXIT vote the value of Sterling has weakened, such that the average exchange rate for the Basic Payment Scheme has been set at €1 : £0.85228. For those farm enterprises electing to receive this in Sterling, this is some 16% better than last year. Given the high commodity prices at the moment, this is a small positive.
