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Currency change warning

Series: Farmers' Weekly ; 135(16) 19 October 2001, 10(1)Publication details: 2001Subject(s): Summary: Farmers have been warned it will be their responsibility to protect their incomes against currency flunctuations in the future.The NFU says funds contributed by farmers and government could replace the agrimoney scheme as a way of compensating farmers when exchange rate movements affect subsidy payments. Mr Bennett, deputy president of the NFU has compiled a document, "After Agrimoney - Options for British Farming", which outlines alternative strategies farmers must now consider.

Farmers have been warned it will be their responsibility to protect their incomes against currency flunctuations in the future.The NFU says funds contributed by farmers and government could replace the agrimoney scheme as a way of compensating farmers when exchange rate movements affect subsidy payments. Mr Bennett, deputy president of the NFU has compiled a document, "After Agrimoney - Options for British Farming", which outlines alternative strategies farmers must now consider.