2018-10-03 

facebooktwitterrss

Scottish Farmers to Receive National Loan Payment Soon

Payments worth more than £241 million will begin to arrive in Scottish farmers and crofters bank accounts in the coming days.

Eligible farmers will receive up to 90% of their CAP Basic and Greening 2018 payment under the national loan scheme announced earlier this summer.

farmland

In total, 10,684 farmers and crofters will receive payment under the scheme, providing vital financial support following months of adverse weather conditions.

Announcing the scheme, Rural Economy Secretary Fergus Ewing said farmers need to respond to the loan offer as quickly as possible.

“This money will provide a cash injection worth £241 million into the rural economy, directly helping those feeling the effects of increased feed and fodder prices, and the adverse weather experienced by many across the year,” Mr Ewing said.

“I would encourage anyone who has yet to accept a loan offer to consider it carefully and respond as quickly as possible. For those farmers and crofters yet to receive a loan offer, I would like to put their minds at ease that offers are still being made once eligibility checks have been completed.

He added:
“I am confident the majority of all eligible claimants will have received an offer no later than 31 October, and be able to receive their loan payment shortly after they accept the loan offer, demonstrating my absolute commitment to support our rural business and communities.”

Scottish Government

Related Links
link Archers Home Farm Sale Story Line of Interest to Farming Families
link Dairy Farm Profits Recover – But Not for Long
link FAO Calls for Support for Family Farms
link 2018 BPS Payments Exchange Rate Confirmed