Mr Coveney said they had targeted the beef sector after the fall-off in prices last year, with all sides now engaged in the Beef Forum.
After another trade mission to the US, Mr Coveney said a US audit team landed in Ireland last week to iron out any outstanding issues over getting the potentially more lucrative manufacturing meat into the US market.
"I'd be hopeful that within the next month or so we should make good progress on this," he said.
Mr Coveney said the early delivery of 70pc of individual direct payments would begin in the middle of next month as part of the package.
"There'll be hundreds of millions of euros given out next month that wouldn't have been given out because of the package secured from the Commission," he said.
"The 70pc advanced payment hasn't happened before it is normally 50pc advance payment.
"We'll also be giving 85pc advanced payments on the area-based payments," he said.
"A lot of countries don't have the capacity to do this. We do," he said, adding the new greening measures do complicate it. "Our guys will be working overtime now to get the monies out as quickly as they can."
An issue that the minister will encounter at this year's Ploughing is concerns over rural crime and cattle rustling.
"It is unacceptable that there were 146 cattle stolen last year.
"Our systems should make it virtually impossible to sell animals that are stolen.
"We are obviously working with the gardai with the benefit of those systems to try and track animals to make sure they are not slaughtered illegally.
"Much of this seems to centre around border counties which is unfortunate as you've two jurisdictions involved," he says, adding they are working with the PSNI to stamp out livestock theft and illegal slaughering.
With the countdown to the Budget underway, it's understood a number of reliefs for farmers such as the 25pc general stock relief, 100pc stock relief for young trained farmers and 50pc stock relief for registered farm partnerships will be retained.
"Every Budget we've had, we've had a lot in it for farming and agriculture and the food industry," he said. "Farmers have gotten used to being prioritised and my job and the Government's job is to make sure they are not disappointed. Agriculture and food is the most important sector in the Irish economy."
Minister rules out reducing farming output to reduce carbon emissions
Agriculture Minister Simon Coveney ruled out a carbon levy on farming as a potential measure to offset our looming bill.
"We are probably doing more than any other country in the world around agriculture, sustainability and climate change in terms of what we're trying to do," he said. "We know we are producing milk at the lowest emissions intensity in the world, ourselves and New Zealand and Austria, and we want to get even better. From a beef point of view we are in the top third in terms of emissions efficiency and we're getting better."
He hit out at "sweeping statements" made on agriculture's responsibilities towards tackling climate change adding the sector was doing a "huge amount" to address it.
""What I won't allow in Ireland is that we would reduce output to reduce emissions because I think that doesn't allow Ireland to fulfil its full potential as a food producer," he said. "The idea Ireland would produce less milk so that some other country would produce more milk to compensate at a higher emissions intensity than Ireland produces milk - in terms of actual global milk output ‑ that doesn't make sense from a climate change point of view."