Doyle announces €17m in forestry payments issuing to farmers
The latest payment of annual tax-free forestry premiums for 2018 amounting to €17.33 million has been announced.
These payments follow the previous January pay run and are issuing to those forest owners who used the paper based application system.
Payments in respect of 7,300 forest premium on-line applications were made in January 2018.
This payment run brings the total of forest premium paid to date in 2018 to €56.8 million in respect of 16,390 applications.
My Department will continue to process forest premium applications as they are received and will be making payments on a weekly basis throughout the year.
Between €60 and €70 million euro is usually paid in forest premiums each year, which represents a significant stable income stream for forest owners.
Andrew Doyle TD, Minister of State at the Department of Agriculture, Food and the Marine with responsibility for forestry encouraged farmers to take a fresh look at forestry as a land use option to complement other farm enterprises.
“Forestry is an ideal land use option for marginal land and the planting of trees can be part of the normal farming mix.