Second instalment of key EU payments hits 121,000 farmers pockets
The Minister for Agriculture, Food and the Marine, Michael Creed, TD, today confirmed that the next instalment of payments under the 2016 Basic Payment Scheme and Greening will commence as scheduled on December 1.
Since mid-October my Department has been issuing 70% advance payments to farmers under the Basic Payment Scheme.
From December 1, balancing payments will begin issuing to farmers.
“These payments are an important boost for farmers in terms of addressing cash flow issues,” Minister Creed said.
The rollout of balancing payments brings the total paid under the Basic Payment Scheme to €1.12bn and 121,000 farmers have received a payment to date.
In addition, over 87,000 farmers have been paid a total of €188m under the Areas of Natural Constraints Scheme to date.
The Minister stated “payments under the Basic Payments Scheme and the Areas of Natural Constraints Scheme over the last few months represent a total payment of over €1.3bn to farmers.
This is a very significant financial boost for both individual farmers and the wider rural economy, and represents an important investment in the continued growth of our Agri-food sector.”