SFP Exchange Rate Set

A well-timed bit of weakness by the pound will doubtless provide a welcome boost for British farmers for the second year running. The exchange rate for the Single Farm Payment Scheme has been set at 0.85995, or just over 1.16 if you prefer it that way round.

That's not quite as good as last year, but a lot better than the 1.22 (0.82p) level that the pound was running at just a month ago.

I assume then that I can expect a flood of "beer donations" when the cheques start to arrive?