As revealed by the Irish Farmers Journal on Monday night, a new €20m pilot scheme for suckler farmers and an increase of up to €23m in ANC payments were confirmed in Budget 2019.
Minister for Finance Paschal Donohoe made the annual budget announcement this Tuesday afternoon in the Dáil, saying: "I recognise that 2018 has been a difficult year for farmers."
Watch this space for coverage of the measures affecting farmers and reaction as it happens.
A new scheme for suckler farmers worth €20m has been confirmed.ANC payments receive a €23m boost.A new agri-loan scheme is to be launched next year. We explain how this connects with the loans already announced in Budget 2018 last year, but not available yet.The total commitment under the Rural Development Programme (RDP) for 2019 is €638m. This includes Agri Environmental measures of €203m and €70m for the Targeted Agricultural Measures (TAMS). Farm Assist and other social welfare payments will go up in March.The gap between tax credits for the self-employed and PAYE workers is decreasing.The ability to average income tax over several years is extended to those with off-farm income.Under one-tenth of the estimated cost of the rural broadband roll-out is available for next year.There will be no increase in the carbon tax applied to fossil fuels including diesel.Renewable energy support schemes are set to benefit from a €164m allocation for the sector.The Government hopes that afforestation will pick up to absorb an increased €103.5m allocation.Some €53m is available for rural regeneration projects.Bord Bia's funding for 2019 will increase by a further €5m bringing the total Grant in Aid to €46.6 million. This is a 60% increase in funding since 2014.Teagasc will receive an additional €6m in funding to progress an €8 million Food Innovation Hub in Moorepark, of which €2 million was provided in 2018. The budget has so far received a mixed reaction from farm organisations.
Listen to the announcements and reactions in our special podcast below:
As revealed by the Irish Farmers Journal on Monday night, a new €20m pilot scheme for suckler farmers and an increase of up to €23m in ANC payments were confirmed in Budget 2019.
Minister for Finance Paschal Donohoe made the annual budget announcement this Tuesday afternoon in the Dáil, saying: "I recognise that 2018 has been a difficult year for farmers."
Watch this space for coverage of the measures affecting farmers and reaction as it happens.
A new scheme for suckler farmers worth €20m has been confirmed.ANC payments receive a €23m boost.A new agri-loan scheme is to be launched next year. We explain how this connects with the loans already announced in Budget 2018 last year, but not available yet.The total commitment under the Rural Development Programme (RDP) for 2019 is €638m. This includes Agri Environmental measures of €203m and €70m for the Targeted Agricultural Measures (TAMS). Farm Assist and other social welfare payments will go up in March.The gap between tax credits for the self-employed and PAYE workers is decreasing.The ability to average income tax over several years is extended to those with off-farm income.Under one-tenth of the estimated cost of the rural broadband roll-out is available for next year.There will be no increase in the carbon tax applied to fossil fuels including diesel.Renewable energy support schemes are set to benefit from a €164m allocation for the sector.The Government hopes that afforestation will pick up to absorb an increased €103.5m allocation.Some €53m is available for rural regeneration projects.Bord Bia's funding for 2019 will increase by a further €5m bringing the total Grant in Aid to €46.6 million. This is a 60% increase in funding since 2014.Teagasc will receive an additional €6m in funding to progress an €8 million Food Innovation Hub in Moorepark, of which €2 million was provided in 2018. The budget has so far received a mixed reaction from farm organisations.
Listen to the announcements and reactions in our special podcast below:
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