Hogan confirms farm payment boost for farmers
The European Commission has agreed to increase the advance in Basic Payment Scheme to Irish farmers from 50% to 70%.
The one-off payment, amounting to €250 million and due on October 16, follows recent adverse weather that has caused cash-flow difficulties for 139,000 farming families.
Speaking at National Ploughing Championships in Tullamore this morning, Phil Hogan, European Commissioner for Agriculture and Rural Affairs confirmed details and said these payments are necessary for Irish farmers who are struggling right now to pay their bills.
“Bad weather means that crop yields are down and stock need extra feed. I'm happy to confirm the advance of 70% rather than usual 50% that was planned, and we expect this will help cash-flow for farmers in difficulty".
Earlier this week, payments under the 2017 Areas of Natural Constraints Scheme, worth in excess of €160 million, have commenced issuing this week to over 75,000 farmers.
The Minister for Agriculture, Food, and the Marine Michael Creed said he was pleased with these permitted increases in advance payments.
The Minister said the move has been prompted by the market difficulties being experienced in several sectors arising from ongoing currency fluctuations and protracted poor weather conditions.
“I am acutely aware of the significance to farmers and the wider rural economy of the Basic Payment as well as the various Rural Development Schemes, and I am also mindful of the ongoing market difficulties”