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.

How to apply

On the phone

Talk to one of our dedicated agricultural business managers. We’re available from 9am to 5pm Monday to Friday, except public holidays.
 

How we can help

See how we support farmers and their families.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.