BPS ENTITLEMENT 2025 MARKET UPDATE – 28.1.25
SCOTTISH
Trade has started at £135-145 per entitlement for Region 1. Region 2 has had a slower start, trading at below £30 per entitlement. Region 3 has not yet started trading but we are expecting to sell at around £10 per entitlement. These prices for regions 1 and 2 show a drop from the average trading prices in 2024. The deadline for trading entitlements in Scotland is the 2nd April 2025.
WELSH
At the time of writing there has been minimal activity in the Welsh entitlements market. We expect to see prices in the region of £50-60 per entitlement. This slow start to the Welsh entitlement market is not unexpected with trading anticipated to increase in March, closer to the trading deadline on the 15th May 2025.
NORTHERN IRISH
We expect to see entitlements traded at face value with a multiplier of 0.9-1.1, based on last year’s value with a 9% reduction applied as money is redirected to a Beef Carbon Reduction Scheme and a Suckler Cow Scheme. The deadline for entitlement trading in Northern Ireland is the 2nd May 2025. Farmers who are currently receiving payment from BPS entitlements but who will not be eligible for the new Farm Sustainability Payment have until this deadline to sell their BPS entitlements or they will lose all the value of these.