‘Farcical’ that low cost loan scheme for farmers still not rolled out, says IFA President

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‘Farcical’ that low cost loan scheme for farmers still not rolled out, says IFA President


22/8/18
Pictured are Rural Development Chairman Joe Brady, IFA Economist Edel Kelly, IFA President Joe Healy & IFA Farm Business Chairman Martin Stapleton.
Picture: Finbarr O'Rourke
22/8/18
Pictured are Rural Development Chairman Joe Brady, IFA Economist Edel Kelly, IFA President Joe Healy & IFA Farm Business Chairman Martin Stapleton.
Picture: Finbarr O’Rourke

IFA president Joe Healy has said the fact that the low cost loan scheme announced in last year’s budget still hasn’t been rolled out is “farcical”.

Speaking at the organisation’s pre budget submission launch, Mr Healy said it’s imperative that the scheme is introduced to help farmers weather the storm of current unprecedented and long term challenges to the sector.

“We saw a huge demand for low cost loans last year. Within three weeks of being out to the people they were over subscribed and  that shows the demand that was there for them. We need an immediate roll-out of the scheme, the fact that it still hasn’t been introduced is farcical.”

IFA economist Edel Kelly  highlighted how this was one of the toughest years on Irish farms not just due to the weather but due to policy and political uncertainty of CAP and Brexit.

“This was probably one of the toughest years on Irish farms. This year highlights that the ongoing uncertainty of Brexit and weather events are putting increased pressure on farmers,” said Ms Kelly.

The organisation also renewed its call for a targeted €200 per suckler cow payment and increased ANC funding of €73m to reverse cuts since 2009 and restore the value of payments.

Other measures included in the submission are:

  • Measures to encourage the use of renewable energy
  • Funding to meet the Government’s commitment to introduced a three-year cap on the inclusion of productive assets under the Fair Deal; Scheme
  • Income volatility supports
  • Maintenance of taxation measures that encourage farm transfer

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