Revealed: Marginal farmers in line for a €25m budget boost
•Green light for ANC scheme top-up
•More cash for TAMS
•New low-cost loan scheme in pipeline
Marginal farmers are set to be among the winners in today's Budget.
The long-awaited €25m top-up to the Areas of Natural Constraint (ANC) scheme will be given the green light, the Farming Independent has learned.
All of the farm lobby groups have been calling for action on the commitment to increase the ANC set out in the Programme for Government.
Expenditure on the TAMS programme is also expected to rise this year to meet the increase in approval levels.
The Budget is also expected to include provision for a scheme similar to last year's low-cost loans for farmers.
There was extremely high demand for the €150m low-cost loan scheme, developed by the Government and Strategic Banking Corporation of Ireland (SBCI) for cash-strapped farmers. The farm bodies have been warning access to credit at a competitive rate is vital to provide working capital on farms.
There will also be continued expenditure under the Rural Development Programme for schemes such as GLAS and the €300m Beef Data and Genomics Programme (BDGP).
However, it is understood there won't be any increase in funding under the BDGP scheme.