We are currently seeing activity in all areas of the UK still trading BPS entitlements – Scotland, Wales, and Northern Ireland.
The deadline for trading Scottish entitlements is the 2 April 2025. As this deadline draws close demand is picking up, particularly for Region 1 entitlements.
The deadline for trading both Welsh and Northern Irish entitlements is the 15 May 2025. Whilst we are seeing some activity in both of these markets, we expect this to pick up throughout April. We expect greater activity in the Welsh market particularly, with 2025 being the final year in which BPS entitlements can be claimed at their full amount. From 2026 -2029 Welsh BPS payments will decrease by 20% each year as part of the transition into the Sustainable Farming Scheme.