Single farm payment hedging

The single farm payment (SFP) scheme was introduced on January 1 2005, as part of the package that reformed the Common Agricultural Policy (CAP). Payment is set by the Payments Agency on September 30th.

David Jackson, Director of North East, answers some common questions from farmers about 'hedging' their SFP as a form of insurance against potential poor exchange rates.

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Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

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