A new loan facility to help farmers who won’t receive their Basic Payment Scheme (BPS) payment on day one has been announced by cabinet secretary for energy, planning and rural affairs, Lesley Griffiths.
The BPS is the biggest of the European Union’s rural grants and payments to help the farming industry. Farmers apply once a year – normally in May – and payments begin in December.
The cabinet secretary also announced the government would be making a donation of £500,000 to farming charities to help provide short-term support to those families in Wales who are least able to meet living costs.
Griffiths said: “In response to the period of exceptionally hot and dry weather earlier this summer, I brought together a range of stakeholders at the Royal Welsh Agriculture Show to discuss the action government and the industry might take collectively to mitigate the issues farmers are facing.
“Whilst the weather and immediate forage situation has improved, I remain concerned about the medium and longer term cost and fodder availability implications for farm businesses. In recognition of the current exceptional circumstances, I have taken the decision to make available a loan facility to farm businesses later this year.”