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<p>We have estimated the value of payments based on 2021 but have adjusted by an additional
15% Progressive reduction each year.</p><table><tbody><tr><td><p><strong> </strong></p></td><td><p>
</p></td><td><p><strong>2022</strong></p></td><td><p><strong>2023</strong></p></td><td><p><strong>2024</strong></p></td></tr><tr><td><p><strong>between
£100,000 and £200,000</strong></p></td><td><p> </p></td><td><p>£148,141,196</p></td><td><p>£91,463,336</p></td><td><p>£49,116,903</p></td><td><p>
</p></td></tr><tr><td><p><strong>between £200,000 and £250,000</strong></p></td><td><p>
</p></td><td><p>£23,729,115</p></td><td><p>£14,170,641</p></td><td><p>£6,210,273</p></td><td><p>
</p></td></tr><tr><td><p><strong>between £250,000 and £500,000</strong></p></td><td><p>
</p></td><td><p>£31,611,515</p></td><td><p>£16,378,597</p></td><td><p>£11,097,775</p></td><td><p>
</p></td></tr><tr><td><p><strong>greater than £500,000</strong></p></td><td><p> </p></td><td><p>£18,686,508</p></td><td><p>£13,096,347</p></td><td><p>£5,456,333</p></td><td><p>
</p></td></tr></tbody></table><p>These estimates take account of the progressive reductions
that we intend to apply to the payments, as announced in our Agricultural Transition
Plan in 2020.</p><p> </p><p>We have not provided estimates for years 2025 to 2027
as the Government has not yet announced the progressive reductions which will be applied
to Direct Payments in those years as we continue to phase the payments out.</p><p>
</p><p>Money saved by Direct Payment reductions will be directly re-invested into
English agriculture through our new schemes. These include our new environmental land
management schemes as well as grants to enable farmers to invest in equipment, technology,
and infrastructure. These will improve efficiency and productivity while also benefiting
the climate and environment.</p><p> </p><p> </p><p> </p>
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