UK farmers are currently playing a high stakes poker game as they decide to cash in euro cheques for support schemes. Scottish farmers, who receive the highest average payment per farm, stand to see a €2,000 boost in payments, thanks to a 10c drop in the value of the pound to the euro over the last month. The typical Scottish support payment of €20,000 is worth €2,000 more this month than last.

The poker game is thanks to UK farmers having the option to get paid Basic Payment Scheme and coupled payments in euros as opposed to pound sterling. However, this will be their last time to play the currency markets as all future payments will only be paid in sterling.

So, farmers will be watching the money markets for their last game of ‘play your currency cards right’.