€100m Brexit compensation fund for beef farmers


“It is vital every cent goes directly to farmers.”

€100m Brexit compensation fund for beef farmers

  • ADDED
  • 6 mths ago

“It is vital every cent goes directly to farmers.”

The EU Commission has agreed a Brexit beef package of €50m for Irish beef farmers which means the Irish Government is expected to provide matching funding of €50m, bringing the total package to €100m.

Releasing a statement on Twitter, Minister for Agriculture, Food and the Marine, Michael Creed TD., said: “I am very pleased that our efforts to obtain an exceptional aid package from the EU Commission for Irish beef farmers have succeeded, after a sustained period of economic difficulty for them.”

“We have worked hard for some time to make a case for this support, and I am very grateful to the Commissioner for his assistance on this.”

Creed said this is another example of the “importance of EU solidarity” when it comes to facing significant economic challenges.

“The legal provision used to provide the aid was put in place by the Irish Presidency of EU in 2013. I expect that this decision will be given effect through an Implementing Regulation.”

“My Department will examine its provisions and I look forward to engaging with the Commission as soon as possible on the next steps.” he concluded.

Savage price losses

IFA President Joe Healy said: “Beef farmers have suffered savage price losses due to Brexit uncertainty and it is a welcome development that the EU Commission has recognised this and responded to the IFA proposal,”

IFA National Livestock Chairman Angus Woods said that while the finer details of the scheme had to be finalised, "it was vital that every cent goes directly to farmers”.

Angus Woods is in Brussels today where he is due to meet with EU Commission officials and members of Commissioner Hogan’s Cabinet to work through some of the details on the aid package.

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