Congratulations to the team that delivered the generational renewal report this week.

It certainly is a comprehensive guide to some of the significant challenges, but also opportunities that exist in our agri sector. What we now need is action and follow up.

The new report recognises both parties in this ongoing succession challenge – the entry and exit partners. Both are critical.

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It lays out real practical measures that are absolutely necessary to allow for the opportunities for the next generation.

We need consistent and relevant tax advice to work alongside any potential establishment or exit incentives. Above all else, we need delivery on the advice from this respected group of individuals that have gone to a lot of effort to date to get this far.

Slurry storage planning exemption welcome, but costs disappoint

Thankfully, the much-anticipated planning permission exemption on slurry storage looks to be getting closer.

The announcement that within weeks farmers will be allowed invest in slurry storage as an exempted development is very positive.

Yes, of course planning permission for developments near roads and watercourses will remain.

In terms of getting slurry storage in place for 2025, this development is probably too late, but better late than never. Well done to all concerned – farm organisations and ministers.

Last week we welcomed the revision of Department costings for grant aid. Our buildings specialist Martin Merrick crunched some numbers for me this week and the slurry tank revisions are actually very disappointing.

The example he showed me for a five-bay tank with agitation points either end (27m) is costed at €27,701 by the Department, up from €26,804 previously – only a 3% increase.