FWMS interest 'will be paid this year'
Published 11/01/2011 | 05:00
The Department of Agriculture has confirmed that interest on deferred Farm Waste Management Scheme (FWMS) payments would be made this year.
Referring to the special ex-gratia payment not exceeding 3.5pc of the value of the deferred amount, a statement from Agriculture Minister Brendan Smith said: "This is the final element of the payments and I am committed to making this payment also in the early part of this year."
The Department of Agriculture recently cleared €100m for payment of the final 20pc instalment of the FWMS money to more than 14,700 farmers. However, this did not include the 3.5pc ex-gratia payment.
ICSA president Gabriel Gilmartin last week expressed his disappointment that the 3.5pc interest payment had been delayed.