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This per hectare payment includes an initial injection of €2,500 once a site is cleared and replanted, with a further two payments of €1,250 some years later.
If lessons are learned from the ash dieback review the sector can move forward, especially if taskforce recommendations are implemented by the Department and long-term issues are addressed.
An upsurge in activity is expected to remove and replant much of the 20,000ha of diseased ash plantations in the country that have not been removed to date.
Certain volumes of concrete and steel need to be replaced with materials such as timber in order for Ireland to meet its forestry targets, a forestry conference heard on Thursday.
Minister for Agriculture Charlie McConalogue was responding to a question asking his position on suspending log imports from Scotland due to the presence of the bark beetle there.
Derek and Yvonne McCabe have been announced as winners of the 2024 RDS Teagasc Farm Forestry Award. James and Martina Ham from Westmeath received the runners-up award.