Minister for Finance Michael Noonan stuck to his promise that farmers had nothing to fear from the 2014 review of agri taxation measures. The main focus is on trying to encourage more land into long term leases rather than conacre. The reason is simple - at present 14% of all land is farmed by 43,000 farmers who only have 11 month tenure. In contrast, just 3,600 long term leases qualify for generous tax incentives available for leases of at least five years duration.

There was no "stick" measures announced to reduce the attractiveness of conacre, but a range of "carrots" to make long term leases more appealing.