IFA president Tim Cullinan has said that the Government’s €100m funding for factories, announced this evening, would not be of immediate help to farmers when it comes to addressing the potential impact of Brexit.

“While the Christmas Eve agreement will avoid immediate tariffs and quotas, there are still uncertainties for farmers about the potential impact of Brexit-related disruption to markets,” he said.

“Today’s announcement will not help farmers in the short-term. The Minister must be ready to provide immediate support to farmers if markets are disrupted in the coming days and weeks. I stressed this to the Minister when I spoke to him this evening,” he said.

Enterprise Ireland will distribute the funding announced this evening over the next five years.