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ENNISKILLEN
5, 2011
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PAGES 9-14
payment timetable for the 2011 scheme and targets year is a boost to year will be published in November. AGRICULTUR welcome this. producers and we for 15% of the E and industrys output Rural Single Farm Payments Development Despite the slight here (Gross Output Minister, Michelle are set in the improvement in Euro and converted ONeill MLA, + total direct exchange rate, payments) and has announced to Sterling iterated the UFU reeach year using matching Total that the exchange Income from Farming its view the exchange rate rate to be used calculated in accordance to calculate at 273.7m system should that the payment The calculation 2011 be changed so with EU farm regulations. The of the that exchange Payments, subject Single Farm incomes are not : rate on 30th September as exposed to to rate according rate is the market exchange rate Commission approval, final EU is a key date fluctuations. for the agricultural Central Bank onto the European will be that Mr Thompson of 1 = 0.86665. industry in 30 added: We still Northern Ireland the year concerned. September of hold the Noting the and particularly view that the exchange rate, the majority of Commenting current farmers system the minister on who receive their said: This years these flawed of using a single date is developments Single exchange rate Farm payment because it leaves in sterling. John Thompson UFU president more farmers favourable than is slightly more exposed to While the is to see stable said: Our goal fluctuations the daily last years rate determined on exchange rate and is good news and profitable in the money markets. farm incomes. 30th for local farm Thankfully in 2011 was 1 = 0.8665 September businesses as recent years Payment is a The Single Farm exchange it will have a small and is slightly the higher than positive effect the 0.85995 figure farm incomes vital element of has been rate on the 30 September on the used last year, and this current satisfactory, Single Farm Payment amount of exchange it is clearly be preferable but it would received. rate the very favourable still less than Under to at least see farmers Single stability means the average European rate achieved in 2009 which remains Union will Farm Payment exchange rate regulations the largely remain for an the highest entire month used department is Euro:sterling rate unaffected permitted to commence to establish the the exchange achieved so far. The average exchange processing rate issue; in by figure. full payments the slight fact rate for the in December. The SFP is vitally past 12 months The exchange improvement in the important to NI works out at agriculture and rate compared 0.8681. 1= in 2010 amounted to last to 271 Commenting million, thus accounting on the Continued
BY RICHARD HALLERON
Pictured getting in from sponsor AH some practice for this years YFCU Ward and Boyd and fencing competition Crosby Cleland from is Sam Crosby Cleland Fencing.Agnew from Straid YFC. Checking his progress is Colin For full story see page 15 Boyd PICTURE: KEVIN MCAULEY PHOTOGRAPHY MULTIMEDIA
PAGES 15-17
on page three
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