Farming and Property Bulletin – October 2013

The CAP regulation package has been agreed to take effect from 1st January 2014 with the new direct payment regime starting from 1st January 2015. The current Single Payment regime therefore remains for 2014 with transitional rules to be put in place. Political agreement was reached on the CAP reform package in June 2013 with a formal statement due from DEFRA in November releasing further details.