MORE than £350m could be saved by capping subsidy payments to £30,000 a farm, junior farm minister Michael Jack has estimated.
If the ceiling was £40,000, only £261.7m would be saved and at £50,000 the figure dropped to £201m. He was replying to Commons questions by Liberal Democrat farm spokesman Paul Tyler.
The capping estimates cover arable area, sheep, suckler cow and beef special premium payments. Last year 10,857 farms received more than £30,000.
each of these payments, 7219 received over £40,000 and 5055 over £50,000.