“From a dairy farmer’s perspective we would be looking for something on milk volatility,” said Gerald Quain, chairperson of the ICMSA’s dairy committee. “Something that would allow us to shelter money in a good year and draw it down at a corporate tax rate in a bad year. It would level a playing field a bit, as farms that have opted to go down the limited route pay corporate tax rates.”
The Limerick based dairy farmer is against the Cassell’s report proposal to bring in asset testing for third level education grants.
“The only acidity test you can have is income. You could have a €2m house in Dublin and all you can do is live in it.”
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He said the ICMSA has campaigned strongly on different aspects of the budget such as the “Fair Deal” scheme and maintaining existing tax incentives for farmers such as Capital Acquisitions Tax.
In terms of the €11m in conditional adjustment aid allocated to Ireland as part of the Commission’s €500m dairy aid package Quain said he would prefer if it was distributed on a pro rata basis to dairy farmers.
“There’s a €25m sheep package coming next year and hopefully there will be aid for tillage farmers this year, the dairy men are not looking for money out of those. This money was for the crisis in the dairy sector. People are saying the crisis is over but it’s not, there are a number of issues on the horizon including Brexit. “With the sterling getting weaker milk prices in the UK could be as high as £0.30/l next year and there will be a swing back into milk production.”
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“From a dairy farmer’s perspective we would be looking for something on milk volatility,” said Gerald Quain, chairperson of the ICMSA’s dairy committee. “Something that would allow us to shelter money in a good year and draw it down at a corporate tax rate in a bad year. It would level a playing field a bit, as farms that have opted to go down the limited route pay corporate tax rates.”
The Limerick based dairy farmer is against the Cassell’s report proposal to bring in asset testing for third level education grants.
“The only acidity test you can have is income. You could have a €2m house in Dublin and all you can do is live in it.”
He said the ICMSA has campaigned strongly on different aspects of the budget such as the “Fair Deal” scheme and maintaining existing tax incentives for farmers such as Capital Acquisitions Tax.
In terms of the €11m in conditional adjustment aid allocated to Ireland as part of the Commission’s €500m dairy aid package Quain said he would prefer if it was distributed on a pro rata basis to dairy farmers.
“There’s a €25m sheep package coming next year and hopefully there will be aid for tillage farmers this year, the dairy men are not looking for money out of those. This money was for the crisis in the dairy sector. People are saying the crisis is over but it’s not, there are a number of issues on the horizon including Brexit. “With the sterling getting weaker milk prices in the UK could be as high as £0.30/l next year and there will be a swing back into milk production.”
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The Limerick based dairy farmer is against the Cassell’s report proposal to bring in asset testing for third level education grants.
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