Friday 22 September 2017

Farmers get €600m EU payout early in response to poor summer

FARMERS are to get advance payment of €600m in European Union subsidies to help them cope with the effects of an atrocious summer.

Agriculture Minister Simon Coveney confirmed that the money will be paid out six weeks early in October instead of December.

The early payment is 50pc of the Single Farm Payment, and Mr Coveney said he had been unsuccessful in getting 70pc early payment -- around €840m -- because of EU budget constraints.

Dairy farmers welcomed the decision, saying the rain in June and July would cost them €100m, mainly because of higher feed costs.

However, the Irish Creamery Milk Suppliers' Association also called on Mr Coveney to continue seeking a bigger advance.

Irish Independent

Editor's Choice

Also in Irish News