The Minister of State at the Department of Agriculture, Food and the Marine with Special Responsibility for Forestry, Andrew Doyle TD, has announced the first tranche of annual tax-free forestry premium payments for 2017. A total of €111.6m, including a capital carryover, will issue in 2017.
The payments are currently being issued to those forest owners who applied on-line through the Department’s online services portal www.agfood.ie.
Minister Doyle said:
‘The Department will continue to process on-line applications for 2017 forest premiums as they are received, with payments being issued on a weekly basis. I would encourage forest owners to avail of the on-line facility because of the obvious benefits for them in terms of early premium payment.’
For applicants who use the paper based application system, a further bulk premium payment run will be made in April 2017. Application forms for the paper based system will issue in February 2017.
The grants available under the Afforestation Grant and Premium Scheme cover the cost of establishing the forest plantation and the Scheme also provides for payment of annual forestry premium of up to €635 per hectare for 15 years, details of which, including associated terms and conditions, are available on the Forestry page of the Department’s website