Minister for Finance Paschal Donohoe’s cautious budget has been criticised by farm organisations as fears of a no-deal Brexit grow.
An overall €650m no-deal Brexit fund has been created, €110m of which will be immediately triggered for agriculture in the event of a no-deal with matched funding promised from Europe.
The €85m will be broken down into €45m for BDGP and €40m for a targeted scheme
ADVERTISEMENT
Other budget measures include a separate €85m fund for beef farmers and €18m for the continuation of the Sheep Welfare Scheme.
The €85m will be broken down into €45m for BDGP and €40m for a targeted scheme. Minister Creed confirmed that this will be based on the BEEP scheme but with double the budget.
The Irish Farmers Journal understands a €10m vaccination and €10m dairy calf to beef weighing programme will be a new element of BEEP. It is expected that they will pay €20/calf and €10/calf respectively.
The carbon tax on agri-diesel will take effect from 1 May next year
One of the sorest points for farmers will be the hike in stamp duty on commercial land to 7.5%. This includes farmland and will cost farmers an additional €1.4m/year.
The carbon tax on agri-diesel will take effect from 1 May next year. Farmers can offset the cost against tax, but farmers with no tax bill and contractors will have to bear the additional cost of roughly 2c/l.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Minister for Finance Paschal Donohoe’s cautious budget has been criticised by farm organisations as fears of a no-deal Brexit grow.
An overall €650m no-deal Brexit fund has been created, €110m of which will be immediately triggered for agriculture in the event of a no-deal with matched funding promised from Europe.
The €85m will be broken down into €45m for BDGP and €40m for a targeted scheme
Other budget measures include a separate €85m fund for beef farmers and €18m for the continuation of the Sheep Welfare Scheme.
The €85m will be broken down into €45m for BDGP and €40m for a targeted scheme. Minister Creed confirmed that this will be based on the BEEP scheme but with double the budget.
The Irish Farmers Journal understands a €10m vaccination and €10m dairy calf to beef weighing programme will be a new element of BEEP. It is expected that they will pay €20/calf and €10/calf respectively.
The carbon tax on agri-diesel will take effect from 1 May next year
One of the sorest points for farmers will be the hike in stamp duty on commercial land to 7.5%. This includes farmland and will cost farmers an additional €1.4m/year.
The carbon tax on agri-diesel will take effect from 1 May next year. Farmers can offset the cost against tax, but farmers with no tax bill and contractors will have to bear the additional cost of roughly 2c/l.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS