Minister for Agriculture Michael Creed has this week announced that payments will be coming through to farmers as part of the deducted portion of the Single Payment Scheme.
Some farmers’ payments have already been processed and the total amount that will be paid out adds up to approximately €12.4 million. The payments were deducted as part of the EU’s Financial Discipline plan from the 2014 Single Payment Scheme (SPS). The deduction is necessary for the EU’s annual budgetary procedure, whereby money is saved into the financial Crisis Reserve for use in the case of an agricultural emergency.
In this case, the money was not fully distributed, therefore allowing farmers to avail of repayments. The reimbursement has been welcomed, but farmers are being encouraged to ensure all outstanding queries on their applications are resolved, as this will delay the payments.
Minister Creed has said that the money “will bring the total paid to Irish farmers under the Basic Payment Scheme since payments commenced in October 2015 to €1.2 billion”.