Here's when to expect your 2016 Young Farmer Scheme payment
Published 04/11/2016 | 18:00
Under the provisions of the Farmers Charter agreed between farm organisations and the Department of Agriculture payments under the Young Farmers Scheme is due next month.
According to IFA Deputy President Richard Kennedy the Young Farmer Top-up to around 8,000 farmers is fully due on December 1.
The young Farmer Scheme payment is 25% of the national average payment per hectare multiplied by the number of entitlements activated by the applicant, subject to a maximum of 50.
Successful applicants will receive payment under the Young Farmer Scheme for a maximum of five years, dated from the year of setting up the holding.
Kennedy has said the progress by the Department of Agriculture on payments this year is helping to address the severe income crisis and cashflow difficulties on many farms.
The IFA Deputy President said 116,000 farmers have so far received €764m under the Basic Payment Scheme and 84,200 farmers have received €82m in ANC payments.
This is ahead of payment rates this time last year in terms of the number of farmers who have been paid and it is important that this level of progress continues ahead of the final 30% BPS pay-out on December 1st.