There is only one week left to submit an application to the 2023 Basic Income Support for Sustainability (BISS) scheme, which will close next Monday (May 29).
Farmers must submit their BISS application by Monday midnight, which is also the closing date for the transfer of entitlements.
Applications for BISS and other area-based payments must be made using the Department of Agriculture, Food and the Marine's (DAFM) online facility (agfood.ie).
Under the new Common Agricultural Policy (CAP), the Basic Payment Scheme (BPS) has been replaced by the BISS.
The scheme is designed to provide a direct income support to Irish farmers to underpin their continued sustainability and viability, the DAFM said.
Under the new scheme farmers will be paid per hectare of eligible land farmed and for which they hold entitlements; this is called an "eligible hectare".
The maximum rate that farmers could be paid per hectare is determined by the value of the entitlements they have.
The maximum payment that will be granted to any one farmer under the scheme, in any one year, is capped at an effective rate of €66,000.
No payment will be made under the scheme where the amount is less than €100.
To receive a support under BISS, eligible applicants must:
Following the closing date, farmers can amend their application without incurring a penalty until June 14, 2023.
The DAFM said that an advance payment under the BISS may be made in October, with balancing payments commencing in December.
Farmers may also apply through the BISS application for the following schemes: