In all, over 7,000 applications were made to the Targeted Agricultural Modernisation Scheme (TAMS) II. The latest approval figures mean that just under 50% of applications have been approved.

Some 2,129 approvals have been issued under the first tranche, while 1,142 approvals have been issued as part of the second.

The highest uptake was for the Dairy Equipment Scheme, with a total of 1,292 approvals between the two tranches. This scheme remains the most popular for applications in both rounds, with dairy farmers looking to upgrade dairy and housing facilities.

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The Animal Welfare, Safety and Nutrient Storage Scheme is the second most popular programme, with 778 approvals in tranches one and two.

The biggest fall in approvals between the two tranches was for the Organic Capital Investment Scheme – 161 approvals were issued in the first tranche, but only one approval was issued in the second.

The Young Farmer Capital Investment Scheme continues to remain popular. A total of 345 approvals were issued in the first tranche, followed by 309 in the second.

Requirements

As previously reported in the Irish Farmers Journal, the payment system for TAMS II applications opened at the end of July.

Farmers applying for TAMS II must complete a farm safety course or hold a Green Cert issued in the last five years. In the case of farm partnerships applying with a young farmer, the younger farmer needs to have completed the cert. Payments will not be processed unless evidence is provided the course has been completed.

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Full coverage: TAMS