Minister for Agriculture Martin Heydon has said that “it is prudent to flag that I may well have to apply ranking and selection” to future TAMS tranches.
Farmers who apply to future tranches of the Targeted Agricultural Modernisation Scheme (TAMS) may not get into the scheme due to a potential funding shortfall.
There have been 42,000 applications to the scheme so far. There is now a risk that the allocated funding may not be enough to cover future applications.
Some €70.5m in funding has already been paid to cover 8,000 payment applications. This equates to an average of almost €9,000 per application. If the remaining 34,000 applicants all proceed and draw down a similar amount of money, the existing budget could be exhausted.
Minister for Agriculture Martin Heydon told the Irish Farmers Journal on Wednesday that “it is prudent to flag that I may well have to apply ranking and selection” to future tranches. The minister has said he has to make sure there’s a “pot of money” there for farmers who want to invest in slurry storage.
No guarantees
“I want everyone to know that there’s no guarantees that it will be 100% [approval of applications] into the future, I’m working hard to try and manage that budget.
“I have to make sure I don’t reach a cliff edge stage. People should be very cautious on the equipment side if they are making investments, I can’t guarantee that there won’t be ranking and selection,” he said.
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Title: Minister sounds alarm on TAMS funding
Minister for Agriculture Martin Heydon has said that “it is prudent to flag that I may well have to apply ranking and selection” to future TAMS tranches.
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Farmers who apply to future tranches of the Targeted Agricultural Modernisation Scheme (TAMS) may not get into the scheme due to a potential funding shortfall.
There have been 42,000 applications to the scheme so far. There is now a risk that the allocated funding may not be enough to cover future applications.
Some €70.5m in funding has already been paid to cover 8,000 payment applications. This equates to an average of almost €9,000 per application. If the remaining 34,000 applicants all proceed and draw down a similar amount of money, the existing budget could be exhausted.
Minister for Agriculture Martin Heydon told the Irish Farmers Journal on Wednesday that “it is prudent to flag that I may well have to apply ranking and selection” to future tranches. The minister has said he has to make sure there’s a “pot of money” there for farmers who want to invest in slurry storage.
No guarantees
“I want everyone to know that there’s no guarantees that it will be 100% [approval of applications] into the future, I’m working hard to try and manage that budget.
“I have to make sure I don’t reach a cliff edge stage. People should be very cautious on the equipment side if they are making investments, I can’t guarantee that there won’t be ranking and selection,” he said.
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