Beef Exceptional Aid Measure will help farmers in Fingal says Senator
The Beef Exceptional Aid Measure (BEAM), details of which were announced this morning by the Minister for Agriculture, Michael Creed, will help hard pressed beef farmers in Fingal, a Fine Gael Senator has said.
Senator Dr James Reilly said: 'This new €100 million aid measure will be funded by the Government and the European Union. The litmus test will be for normal market conditions and prices to have resumed by the time of weanling sales this coming September.
'This measure will be funded by a combination of EU exceptional aid and Exchequer support, provided in light of the difficult circumstances that Irish beef farmers have been facing as a result of market volatility and uncertainty arising out of Brexit.
'I am keenly aware that the past few months have been very difficult for beef farmers here in Fingal and across the country.
'There has been a prolonged and exceptional period of depressed prices since last autumn, with the ongoing uncertainty surrounding the outcome of Brexit, among other factors, contributing to this market disturbance.
'The availability of this EU and Exchequer support, together with the Beef Environmental Efficiency Pilot (BEEP) introduced earlier this year, provides an injection of up to €120m in aid for the beef sector in 2019.
'The aid will be targeted towards those farmers most affected. BEAM is also designed to meet the requirements set out by the Commission, including granting support to farmers engaging in actions which enhance their long-term resilience and sustainability.
'Aid will be paid on adult cattle slaughtered between 24 September 2018 and 12 May 2019, at a rate of €100 per animal subject to a maximum of 100 finished animals per herd.'