Farming couple fearing the pinches
FARMER Brian Reidy and his wife Caroline have worked hard to establish a herd of 100 dairy cows in Tubbercurry, Co Sligo.
Caroline also works as a computer data engineer in a Sligo company Reed Recruitment. Between them they have a combined income of around €50,000 a year.
"We will be hit by the changes to the tax and the PRSI regime. I don't think people have really a full idea of how bad things are. They will be coming in small pinches, you are getting the real big ones today but it is the small pinches that will really do the damage.
"The rise in diesel is a big thing for both of us. We'd spend around €3,000 a year on car and diesel expenses.
"That will have a direct and indirect cost on me on the farm, as all contractors and operators that come into the yard will add it on to the cost of their service.
"Myself and Caroline will survive and get out of this, everyone has to take a level of pain, but I feel sorry for someone possibly unemployed now who might have bought an expensive house at the peak of the market.
"In terms of agriculture, I'd welcome the fact they held on to stock relief but penalising things such as REPS and other schemes they have cut is nonsensical. They are so small to the overall budget and it can mean so much to people.
"The 20pc reduction in the capital acquisition tax threshold will have an effect and will impact negatively on farm transfers."