€700m cash boost for 111,000 farmers as EU payments arrive early
Payments delayed for 10pc of eligible farmers
The commencement of advance payments under the 2017 Basic Payment Scheme (BPS) and the Greening Payment has been announced.
These payments, worth some €700m to 111,000 farmers and come following recent discussions between the Minister for Agriculture, Food and the Marine, Michael Creed and the EU Commission.
Minister Creed also confirmed that the level of the advance payment is set at 70pc for 2017 rather than 50pc as provided for in the EU legislation.
"Every year, the advance payment of the BPS is a vital support for farmers across sectors in terms of maximising cash flow. It is a priority for my Department that these payments issue in the most efficient manner possible, and that they commence on the earliest date possible under EU Regulations.”
The Minister also commented that “I am happy to confirm that the 111,000 farmers paid in the initial tranche of advance payments represent an increase over the 109,000 farmers paid at this stage last year.
"Over 90pc of eligible applicants for the BPS have now been paid in this first tranche. As we move to full online application by 2018, my Department will be able to introduce further efficiencies into the processing of payments which will be of direct benefit to farmers.”
Payments under the Areas of Natural Constraint Scheme also continue to issue as cases are cleared for payment.
Minister Creed added that “the advance BPS payment and the ANC payments taken together mean that over €880m has now issued to Irish farmers in the last month.