More than 700 farmers on the highest BPS entitlements of over €700/ha are to have their money cut this year.

The move is the final step in a convergence process that first began in 2015.

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Under the four-year process, the highest-paid farmers had their money reduced, while the lowest-paid farmers had their money increased.

This year, 721 farmers whose Basic Payment Scheme (BPS) and greening payments amount to more than €700/ha will have their combined payment cut down to €700/ha.

Department of Agriculture figures show that these farmers will lose a total of €1,841,081. This equates to an average of €2,553/farmer.

The money will be redistributed to farmers on low payments.

In 2015, it was decided that all farmers should gradually move towards a national average value for entitlements over a five-year period. The national average value is €265/ha, including greening.

Nationally, Co Cork has 110 farmers on more than €700/ha that will have their payments cut, while 76 farmers in Tipperary will see their money reduced.

Donegal (42), Meath (41) and Galway (35) are the next most affected counties.

From 2019 on, all entitlement values will fall into the range of €154/ha to €700/ha (including greening) due to convergence.

A total of 1,830 farmers received payments in excess of €400/ha (€571/ha including greening) in 2017, which are the latest figures available from the Department of Agriculture.

The majority of those farmers will see their payments cut under convergence.

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