Discussions are continuing over the prospects of a 2016 National Reserve, according to the Acting Minister for Agriculture, Simon Coveney.

He said his Department is currently in discussions with the Direct Payments Advisory Committee, which includes members of the main farming bodies and advisory services, in relation to the National Reserve.

“No final decision on the operation of the National Reserve in 2016 has been made at this time,” he said.

In order to provide funding for the 2015 National Reserve a linear reduction of 3% was applied to Ireland’s Basic Payment Scheme financial ceiling.

This was the maximum financing rate available to Member States under the relevant EU Regulations and provided a fund of €24.7m.

When finalised, there will be some 6,000 successful applicants under the 2015 National Reserve – the majority of these being under the two priority categories of young farmer and new entrant to farming.

According to Minster Coveney, all of the available National Reserve funding will have been utilised.

In 2016, he said the only source of funding available to the National Reserve will be from ‘clawback’ on the sale of entitlements without land.

“It is not possible at this time to estimate the level of funds that may arise from ‘clawback’ during the 2016 Scheme Year.

“From 2017 onwards, the National Reserve will also be replenished from unused entitlements as EU Regulations governing the scheme provide that entitlements that are unused for two consecutive years are surrendered to the National Reserve,” he said.

The Minister also said that the Regulations also provide that Member States may apply a linear cut to the value of all farmers’ entitlements in order to provide funding for the National Reserve.