Farming
Maximise your Single Farm Payment with Moneycorp
The pound’s 25% fall in value against the euro over the last year could bring significant financial gains to farmers looking to maximise their 2010 Single Farm Payment. Future payments could be worth a lot more if they choose to receive them in euros and lock into current exchange rates.
To take advantage of the euro rate, farmers should opt to be paid in euros when they complete their claim form. The payment can then be transferred back into sterling with the help of Moneycorp.
We offer free, expert guidance to help maximise the value of your payment and protect you from currency risk. In the case of the Single Farm Payment you can fix an exchange rate in advance to lock into the favourable euro rate. This means you remove any risk of the currency dropping in value before your payment is made. (Moneycorp will accommodate the variance in payment date.)
Last year UK farmers missed out on a total of £200 million by selecting to receive payments in sterling. That’s an average of 15% on every payment made.
Make sure you don’t miss out in 2010! Call Moneycorp on
+44 (0)20 7823 7400 to find out how we can help your business.
If you import or export machinery, produce or other materials, Moneycorp can also assist with these international payments.
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