Revealed: From Larry Goodman to a Dubai sheikh - the Irish farmers who receive the largest EU payments
Details of EU payments to Irish farmers have been revealed and we detail the top Irish farmers on the list
The details come as Teagasc published figures today that show that the average Irish farmer received less than €18,000 in EU direct payments, accounting for almost 75pc of their income.
This is in stark contrast to Larry Goodman and his family, who through two farms, Branganstown and Glydee received €217,153 and €214,275 in EU payments in 2016 - giving them a combined income of €430,000 in EU farm subsidies.
Goodman has the largest EU farm payment, by far, of any individual in Ireland. However, it is significantly surpassed by the €6m Teagasc receives and the €3.9m Commercial Mushroom PRS Co-op receives. Bord Bia received €2.28m last year, while Ornua received €1.6m last year.
Other notable beneficiaries include Sheikh Mohammed bin Rashin Al Maktoum, the ruler of Dubai and owner of Kildangan stud farm. It received €156,000 while Godolphin racing received €167,000 last year.
Also Read: See the top farm payments in your county
Further, 17 farmers and companies with an address outside of Ireland received EU payments. In a recent FarmIreland survey, 75pc of farmers said they are unhappy with the current farm payment system and that payments are unfairly distributed, with many saying that they would prefer a fair price for their produce instead of subsidies.
Larry Goodman, Louth, €431,000
Between the two farms Branganstown and Glydee that are owned and by Goodman, they were in receipt of €214,275 and €217,153 in EU subsidies. His home farm at Castlebellingham, Co. Lough is the 850-acre Branganstown enterprise. However, he also owns in excess of 1,100 acres in his Glydee farm at Kilsaren, which is a feedlot for 8,000 head of cattle.