Minister Michael Creed has welcomed the recent growing interest in the On-Farm Capital Investment Scheme.
The minister today announced the results of the latest tranche of the Targeted Agriculture Modernisation Scheme (TAMS).
The scheme closed las Friday, and this was the seventh tranche made available to farmers.
In total, a high 1,835 applications were received, with almost 500 of them coming form the tillage sector.
These Tillage farmers are now eligible to apply for grants for the first time since the schemes introduction last year.
Minister Creed spoke of his delight at the high level of interest in this tranche of the TAMS scheme, and in particular the new Tillage Capital Investment scheme.
He said that almost all of the 500 applications have been approved and said this scheme is essential for the development of rural Ireland as part of the Rural Development programme.
Minister Creed also stated that these capital investments will drive growth on Irish farms as well as bringing with them significant improvements in animal health and welfare and environmental sustainability.
There were 380 applicants in total for the Young farmers Capital Investment Scheme, while there was 333 for the Dairy Equipment scheme.
The organic capital investment scheme had 48 in total, while there was a high 473 applications for the Animal welfare, safety and nutrient storage scheme.
As mentioned there were almost 500 (490) applicants for the Tillage scheme, while there was 13 for the Pig and poultry based one and 98 for the Low emission slurry spreading scheme.
Minister Creed also announced that the eighth tranche will commence from the 1st of July and will be open until October 6th.
He concluded by calling all approved farmers from the last tranche to get their payment applications in ASAP, and make use of the funding available.