The Cabinet has approved the allocation of €50m to a support scheme for beef finishers, Minister for Agriculture Michael Creed has confirmed.
The scheme will be to support beef finishing farms that were severely impacted by a fall in prices on the back of the COVID-19 pandemic.
Minister Creed said: “Farmers with finished animals have suffered a dual impact over recent months: reduced prices and a reduced kill. This support for the beef sector is an emergency response to a dramatic economic shock, to mitigate the worst COVID-19 economic impacts on these farm enterprises.”
Details
The minister did not reveal any further details about the scheme, saying the Department of Agriculture will be engaging with stakeholders on its development. He added it must also be approved by the EU under state aid rules.
A meeting of the Beef Taskforce via video conference is planned for the end of June, with the distribution of the support likely to be high on the agenda.
Supports
Minister Creed stated: “This is part of my ongoing efforts to ensure that all the appropriate support measures are put in place at national and EU level for our farming communities. I urge all actors in the supply chain to recognise their interdependence and work collaboratively towards our shared objective – a beef sector which is economically, environmentally and socially sustainable.”
He said over €200m in new money had been made available specifically to beef farmers, on top of the €300m BDGP scheme, over the past two years.
Welcome
IFA president Tim Cullinan welcomed the scheme, adding: “The details of the scheme and the small print will be very important. IFA is set to meet with the Department of Agriculture next Monday to progress the scheme details further”.
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The Cabinet has approved the allocation of €50m to a support scheme for beef finishers, Minister for Agriculture Michael Creed has confirmed.
The scheme will be to support beef finishing farms that were severely impacted by a fall in prices on the back of the COVID-19 pandemic.
Minister Creed said: “Farmers with finished animals have suffered a dual impact over recent months: reduced prices and a reduced kill. This support for the beef sector is an emergency response to a dramatic economic shock, to mitigate the worst COVID-19 economic impacts on these farm enterprises.”
Details
The minister did not reveal any further details about the scheme, saying the Department of Agriculture will be engaging with stakeholders on its development. He added it must also be approved by the EU under state aid rules.
A meeting of the Beef Taskforce via video conference is planned for the end of June, with the distribution of the support likely to be high on the agenda.
Supports
Minister Creed stated: “This is part of my ongoing efforts to ensure that all the appropriate support measures are put in place at national and EU level for our farming communities. I urge all actors in the supply chain to recognise their interdependence and work collaboratively towards our shared objective – a beef sector which is economically, environmentally and socially sustainable.”
He said over €200m in new money had been made available specifically to beef farmers, on top of the €300m BDGP scheme, over the past two years.
Welcome
IFA president Tim Cullinan welcomed the scheme, adding: “The details of the scheme and the small print will be very important. IFA is set to meet with the Department of Agriculture next Monday to progress the scheme details further”.
Read more
Breaking: €50m scheme for beef farmers to be confirmed
New beef fund- a vital life support for beef finishers
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