Department confirm to ICMSA that EBI Adjustment will be reflected in TB Valuations


EBI co-efficient used for determining cattle valuations under the TB compensation scheme will be adjusted to reflect the new base being used by ICBF.

Department confirm to ICMSA that EBI Adjustment will be reflected in TB Valuations

  • ADDED
  • 3 years ago

EBI co-efficient used for determining cattle valuations under the TB compensation scheme will be adjusted to reflect the new base being used by ICBF.

Following the decision of ICBF to make adjustments to the EBI base, the ICMSA’s Deputy President, Pat McCormack, said that following detailed representations from his association, the Department of Agriculture, Food & Marine has confirmed that the EBI co-efficient used for determining cattle valuations under the TB compensation scheme will be adjusted to reflect the new base being used by ICBF.

Mr. McCormack said is a hugely important adjustment from a dairy farmers’ perspective. Earlier this year the Department cut the EBI co-efficient from €1.35 per unit to .50 cents per unit, a move to which ICMSA strongly objected and the re-basing of the EBI calculation would have led to a further loss for farmers had the matter not been addressed.

“ICMSA has received a commitment from the Department that the EBI co-efficient will be adjusted to take account of the rebasing of the EBI calculation and we’ll work to ensure that this adjustment ensures that farmers are fully compensated for the change and do not suffer any loss as a result. We’d like to note the Department’s commitment on this matter – we raised the point and they recognised our argument and moved to deal with the problem. It’s important to acknowledge that kind of co-operation and progress”, said Mr McCormack.

Similar Articles

Comments


Most popular

The Marts Forecast
The Marts Forecast
Click to View Weekly Mart Schedules
SELECT LIVESTOCK

Cattle Marts Scheduled Nationwide

Monday

  • Birr
  • Carrigallen
  • Granard
  • Elphin
  • Inishowen
  • Manorhamilton
  • Stranolar
  • Tuam

Tuesday

  • Ballina
  • Ballyjamesduff
  • Drumshambo
  • Ennis
  • Enniscorthy
  • Fermoy
  • Nenagh

Wednesday

  • Athenry
  • Ballinrobe
  • Elphin
  • Granard
  • Kilrush
  • Nenagh

Thursday

  • Ballymote
  • Birr
  • Castlerea
  • Drumshambo
  • Ennis
  • Kilkenny
  • Raphoe

Friday

  • Donegal
  • Gort
  • Kilfenora
  • Roscommon
  • Roscrea
  • Tullow

Saturday

  • Balla
  • Carnew
  • Carrigallen
  • Dowra
  • Loughrea
  • Maam Cross
  • Mohill
  • New Ross
  • Scariff
  • Tullow

Sheep Marts Scheduled Nationwide

Monday

  • Ballyjamesduff
  • Carrigallen
  • Elphin
  • Fermoy
  • Kilkenny
  • Raphoe

Tuesday

  • Athenry
  • Ballina
  • Donegal
  • Ennis
  • Inishowen
  • Tuam
  • Tullow

Wednesday

  • Ballinrobe
  • Enniscorthy
  • Gort
  • Manorhamilton
  • Roscommon
  • Roscrea
  • Stranorlar

Thursday

  • Ballymote
  • Carnew
  • Loughrea

Friday

  • Dowra

Saturday

  • New Ross
  • Maam Cross

Dairy Marts Scheduled Nationwide

Monday

  • Kilkenny

Tuesday

Wednesday

  • Enniscorthy (2nd Wednesday Of Month)

Thursday

Friday

  • Fermoy

Saturday

Calf Marts Scheduled Nationwide

Monday

Tuesday

  • Kilkenny

Wednesday

  • Enniscorthy

Thursday

Friday

Saturday