Agriculture: Finance
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, whether her Department has made an assessment of the potential impact of the time taken for (a) Sustainable Farming Incentive and (b) productivity grant payments on (i) rural supply chains and (ii) farm investment decisions.
Answered by Dame Angela Eagle
Defra and the Rural Payments Agency (RPA) understand the importance of cashflow for farmers and rural businesses in their investment decisions and any impacts on the wider supply chain. The RPA has in recent years made more payments for the schemes they administer, earlier in the payment window. The RPA has also taken steps to improve the flow of payments. With a quarterly payments structure for the Sustainable Farming Incentive, schemes continue to be administered with payment frequency in mind, and the RPA continues to look at opportunities to issue payments and expedite grant clearance as promptly as possible.
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