Minister for Agriculture Martin Heydon will bring a memo to cabinet on Tuesday on the new €100m Fuel Subsidy Support Scheme for farmers, farm contractors and fisheries.
The scheme payments will cover the months of March up to the end of July, which coincides with peak fuel usage on farms, with subsequent funding directly linked to fuel usage from 2025 to ensure those most affected by the fuel price increase receive the greatest assistance.
The war in the Middle East has severely affected the profitability of farm contractors, farmers and fishers, with the cost of fuel soaring as a result.
Green diesel costs have almost doubled since February, going from €0.97/l in late February to €1.70/l by late March and are now sitting at around €1.80/l.
Budget
Out of the budget of €100m, some €15m has been allocated to a fuel support scheme for fisheries and aquaculture.
Around 120,000 farmers and 1,500 full-time agricultural contractors are eligible for the scheme.
The scheme will be worth around 20c/l to farmers and when excise reductions of 7.4c/l are included will result in a reduction of 27.4c/l.
For those who are accepted to the scheme, it will be worth around €274 for 1,000l of green diesel that was purchased in 2025.
More details of the scheme and its opening date will be made available at a Wednesday morning press conference to be held jointly with Minister for Transport Darragh O’Brien.
The scheme will be introduced in response to nationwide fuel protests which took place a number of weeks ago, which brought Dublin and other towns to a standstill for several days.
Read more
Inside the Farmers Journal: fuel price protests cause chaos
Good fuel package, bad timing
Feed mills battle to keep ration supplied as fuel shortages bite
Minister for Agriculture Martin Heydon will bring a memo to cabinet on Tuesday on the new €100m Fuel Subsidy Support Scheme for farmers, farm contractors and fisheries.
The scheme payments will cover the months of March up to the end of July, which coincides with peak fuel usage on farms, with subsequent funding directly linked to fuel usage from 2025 to ensure those most affected by the fuel price increase receive the greatest assistance.
The war in the Middle East has severely affected the profitability of farm contractors, farmers and fishers, with the cost of fuel soaring as a result.
Green diesel costs have almost doubled since February, going from €0.97/l in late February to €1.70/l by late March and are now sitting at around €1.80/l.
Budget
Out of the budget of €100m, some €15m has been allocated to a fuel support scheme for fisheries and aquaculture.
Around 120,000 farmers and 1,500 full-time agricultural contractors are eligible for the scheme.
The scheme will be worth around 20c/l to farmers and when excise reductions of 7.4c/l are included will result in a reduction of 27.4c/l.
For those who are accepted to the scheme, it will be worth around €274 for 1,000l of green diesel that was purchased in 2025.
More details of the scheme and its opening date will be made available at a Wednesday morning press conference to be held jointly with Minister for Transport Darragh O’Brien.
The scheme will be introduced in response to nationwide fuel protests which took place a number of weeks ago, which brought Dublin and other towns to a standstill for several days.
Read more
Inside the Farmers Journal: fuel price protests cause chaos
Good fuel package, bad timing
Feed mills battle to keep ration supplied as fuel shortages bite
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