Details of the new €50m Beef Finisher Payment Scheme have been announced by the Minister for Agriculture Dara Calleary.

The fund, which was initially announced in June by the previous Minister for Agriculture Micheal Creed, will see €50m being paid out to a potential 42,000 beef finishers. Commenting on the scheme, Minister Calleary said: “I am fully aware of the difficulties caused by COVID-19 in the Irish beef sector and the consequences for those in beef farming and for the rural economy as a whole.