The ICMSA has called on the Minister for Finance, Michael Noonan, to grant an extension to the Farm Consolidation Stamp Duty Relief for another year as part of Finance Bill 2011, which is now being debated in the Dail.
ICMSA president Jackie Cahill pointed out that the slow pace of structural change in farming had regularly been identified as a barrier to the development of the industry.
"The introduction of the Farm Consolidation Stamp Duty Relief, notwithstanding its shortcomings, was a positive measure and has reduced the costs of consolidation considerably for farmers," Mr Cahill said.
"It's a vital measure for efficient commercial farming.
"It is absolutely nonsensical to remove the only incentive which currently exists that allows farmers to expand their holding through consolidation at a reduced cost. That surely means an extension to the Farm Consolidation Stamp Duty Relief for another year."
The current relief ends on June 30.
Vacancies at Bord Bia
The Department of Agriculture has confirmed that five positions, including that of chairman, have become vacant on the board of Bord Bia.
A notice on the Department's website has invited "expressions of interest" from people keen in being appointed to the board.
As we went press, it was unclear whether outgoing chairman Dan Browne would seek to be reappointed.
Under new guidelines brought in by the Government, anyone seeking to be appointed chairman of Bord Bia will initially have to be interviewed by the Oireachtas Agriculture Committee.
Other board members whose terms are up include: Joe Hyland, managing director of Irish Country Meats; Ray Carolan, the well-known Cavan pig farmer; Vincent Cleary, of Glenisk Organic Ireland; and Paul Cusack, of the National Botanic Gardens.