FX Solutions for Single Farm Payments
Protect the Value of Your Single Farm Payment
Our Single Farm Payment solution can help you to get the most out of your valuable
Single Farm Payments are a subsidy that UK farmers receive from the European Union.
The amount your farm receives is based on the amount of land you own. For large
farmers this subsidy can amount to hundreds of thousands of GBP.
When you make your application for Single Farm Payments, you have to specify whether
you wish to receive the subsidy in Euros or GBP. If you elect to receive the payment
in GBP, the exchange rate used to calculate the GBP value of your payment is set
by the EU on the last working day of September. So when you receive your payment
in December (or perhaps later), the payment you receive will be based on an exchange
rate from at least 3 months earlier. This means that you could potentially receive
a smaller subsidy, because of currency fluctuations that have taken place in the
Our dedicated foreign exchange specialists can work with you to develop an incoming
payment plan that will enable you to receive your Single Farm Payment in Euros,
which we can hold for you for a period of 90 days. Then, with use of a
Forward Contract, we can help you to lock in at exchange rate that you find
favourable, and convert the funds into GBP at a time convenient to you.
This innovative solution allows you far greater control over the rate of conversion
that you receive, and can help you to get the most out of your Single Farm Payment.
The solution also allow you to know ahead of time the exact GBP value you will receive
from your subsidy, meaning that you can budget more effectively for the year ahead.
Find out more about how we can help you to protect the value of your Single
Contact Us Today