Agriculture: Subsidies
(asked on 29th June 2022) - View Source
Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the answer of 26 April to question 9907, what estimate he has made of the value of payments in excess (a) £100,000 (b) £200,000 (c) £250,000 (d) £500,000 in Basic Payments in (i) 2022, (ii) 2023, (iii) 2024, (iv) 2025, (v) 2026 and (vi) 2027.
We have estimated the value of payments based on 2021 but have adjusted by an additional 15% Progressive reduction each year.
|
| 2022 | 2023 | 2024 | |
between £100,000 and £200,000 |
| £148,141,196 | £91,463,336 | £49,116,903 |
|
between £200,000 and £250,000 |
| £23,729,115 | £14,170,641 | £6,210,273 |
|
between £250,000 and £500,000 |
| £31,611,515 | £16,378,597 | £11,097,775 |
|
greater than £500,000 |
| £18,686,508 | £13,096,347 | £5,456,333 |
|
These estimates take account of the progressive reductions that we intend to apply to the payments, as announced in our Agricultural Transition Plan in 2020.
We have not provided estimates for years 2025 to 2027 as the Government has not yet announced the progressive reductions which will be applied to Direct Payments in those years as we continue to phase the payments out.
Money saved by Direct Payment reductions will be directly re-invested into English agriculture through our new schemes. These include our new environmental land management schemes as well as grants to enable farmers to invest in equipment, technology, and infrastructure. These will improve efficiency and productivity while also benefiting the climate and environment.