Farmers receive millions of pounds in loan payments

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Farmers have received Basic Payment Scheme loans totalling more than £294 million since early October.

The Scottish Government announced that 12,643 rural businesses have received loans while more than 99 per cent of those eligible for payments have received their offers.

Fergus Ewing, rural economy secretary, said: ‘I am pleased to confirm that nearly all eligible farmers, crofters and land managers have now received a Basic Payment Scheme 2018 loan offer, with over 12,600 farmers being in receipt of more than £294 million since payments began in early October.

‘Directly supporting the rural economy, these payments have been made earlier than ever before, at a greater level than in previous years, and ahead of any other administration across the UK, demonstrating my absolute commitment to get payments out to eligible farmers as soon as possible.

‘Payments continue to be made on a weekly basis, so I would encourage anyone who has yet to accept a loan offer to consider it carefully and respond as quickly as possible.’