Threat to Coveney’s convergence
The Ballingeary, Co Cork farmer predicts that SFP applicants will take full advantage of the window for entitlements trading before mid-May, in order to improve their positions prior to convergence starting in 2015.
He expects a lot of trading because, for example, a 100-hectares farmer with entitlement value of €1,000 per hectare could lose €156,000 of payments over the next six years to convergence — unless he ‘cashes in’ some entitlements, by trading them.
