Welsh Farmers Encouraged to apply for BPS Loan

Welsh Farmers Encouraged to apply for BPS loan
We are encouraging Welsh farmers to apply for the new loan facility which has been set up by the Welsh Government to help farmers who may not receive their Basic Payment Scheme (BPS) 2018 payment when the payment window opens on Saturday, 1 December 2018.

The BPS Loan application is available for BPS customers whose claim will not be fully processed by the opening of the BPS payment window (1 December). If you have submitted an application for BPS 2018 via the Single Application Form (SAF) 2018 then Roger Parry and Partners is encouraging you to consider applying for a loan.

Richard Corbett, Partner with Roger Parry & Partners said, “We are totally aware of how challenging it has been to farm in the weather conditions thrust upon us this year. The Cabinet Secretary for Energy, Planning and Rural Affairs, Lesley Griffiths, set up this loan scheme to offer extra support for the farming industry following the exceptionally hot and dry weather during the summer – that was before the recent floods! We want to make farmers aware that this is an opt in scheme which means you MUST apply for a loan by 30 November 2018 if you wish to receive a loan payment in the event your BPS 2018 claim has not been fully processed. There will be no further opportunity to apply for a BPS loan after the 30 November.”

The loan value will be a maximum of 70% of the farm’s estimated 2018 BPS payment. The estimated payment will be based on the area declared for BPS on the SAF 2018 and the number of payment entitlements held on 15 May 2018.

The loan will be repaid automatically as the sum will be deducted from the farm’s BPS 2018 payment when it is fully processed and farmers will receive any balance due.

Richard continued, “As always, we are here to help with understanding the application process. Our professionals have extensive experience in dealing with queries relating to the Basic Payment Scheme and will ensure that sufficient time and care is taken to guarantee your loan application’s accuracy. “We have also been specifically selected for our specialist knowledge, expertise and reputation as a NFU and NFU Cymru panel firm so members of the Union will also benefit from a discounted rate.” If you need our assistance please call one of our Basic Payment Scheme specialists: Oswestry – Richard Corbett: 01691 655334. Minsterley - Charis Denham: 01743 791336. Welshpool / Llanidloes - Clare Williams: 01938 554499.

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