Older farmers could be paid up to £100,000 to retire under a new Government scheme to make way for younger people.
It is part of a plan to overhaul farm grants and encourage younger people into the industry.
Nearly four in 10 UK farmers are over the age of 65, with an average age of 59.
The new scheme could see the average farmer receive a lump sum payment of £50,000 – capped at £100,000 for farmers with most land.
Under the old EU system, farmers receive grants based largely on the amount of land they farm and the average farmer currently receives about £21,000 in grants.
About £3 billion of state subsidy is paid to UK farmers each year, but this will be phased out.
Instead, grants under the new post-Brexit scheme, will be used to incentivise more green practices, to look after the land and protect it for future generations.
It has been reported that the Government believes younger farmers will be more open to the new ideas and more likely to diversify to secure an income.
