Creed pours cold water on Fianna Fail’s plans to lower farm payments cap to €60k
Minister for Agriculture, Michael Creed has pour cold water on Fianna Fail’s plans to lower the cap on farm subsidies to €60,000.
It comes following the recent publication of the payments received by farmers which saw some farmers in receipt of ‘hundreds of thousands’ of euro in payments from Europe through the Common Agricultural Policy.
Meanwhile, the average direct payment per farm was nearly €18,000 last year - which was 75pc of farm income on average and almost 100pc of the income on cattle and sheep farms.
Fianna Fail has put forward a proposal to cut top payments to €60,000 a move which it says would save €80m.
Its Agriculture spokesperson Charlie McConalogue has said it is important that that is done fairly and said lowering the cap on payments to €60,000 would increase the overall legitimacy of CAP budget.
According to McConalogue, 99pc of farmers are currently under the threshold and the move would only affect 1pc of farmers.
However, responding to questioning on the proposal last week, Minster for Agriculture Michael Creed said the current cap of €150,000 on basic payments is set down in the Direct Payments Regulations and lowering the limit below this amount would require a legislative change in the European Council.