The Department of Agriculture, Environment and Rural Affairs (DAERA) has announced that the rate of advance CAP payments for 2018 will increase from 50% to 70% of claim value.
The European Commission has approved an application from the Department to increase the rate of advance payments from 16 October 2018 due to the series of recent adverse weather events, namely a combination of persistently wet weather and stormy conditions earlier in the year, followed by exceptionally high temperatures with little or no rain during the latter part of June to date, causing drought conditions.
Advance payments will commence on 16 October 2018 and will be made to all eligible farm businesses in Northern Ireland which have fully verified claims. Balance payments, or full payments for those not eligible for an advance payment, will commence from 1 December 2018.
UFU president, Ivor Ferguson said the advance payments will help with cash flow pressures on farms as we head into the winter months, when input costs on farms rise.
He added: “We’ve had a mixed year weather wise, which has come after a number of wet years. It started out wet but in many areas, a dry spell during the summer months helped give a boost to many farm businesses, while in other areas, the hot, dry weather posed many challenges. The advanced payments in October will help ease some of the cash flow pressure for many farm businesses.”