Agri Politics
Pressure is mounting on Minister for Agriculture Michael Creed to open a €25 million low-cost loan scheme that was announced in Budget 2018.
Concerns have emerged over the enactment of a new stamp duty reduction measure on farm consolidation sales.
N.Ireland
Ulster Farmers’ Union president, Barclay Bell has said that a longer term budget is needed for Northern Ireland's agricultural sector.
Agri-Business
Clarity on the much-talked about changes to stamp duty in last week's budget is expected today, as Cabinet meets to discuss the Finance Bill
Plans for a new €8.8 million National Food Innovation Hub were jointly announced by Taoiseach Varadkar and Minister Creed.
The Department of Agriculture and Department of Finance will examine 67-year age limit on stamp duty consanguinity relief.
Forestry
Budget 2018 has brought about continued major investment in forestry, Bord na gCon, commercial horticulture and the organic sector.
The increase in stamp duty announced in Budget 2018 has largely been met with a furious response from various stakeholders in agriculture.
Michael Fitzmaurice TD has suggested that minister Creed's authority is under question following the Stamp Duty debacle.
Budget 2018 has been met with a mixed reaction by the INHFA (Irish Natura and Hill Farmers Association) following its announcement yesterday.
Following yesterday's announcement of Budget 2018, ICOS (Irish Co-Operative Organisation Society) President Martin Keane gave his reaction.
Budget 2018 was met with a lukewarm response from Macra na Feirme President James Healy, noting it didn't do enough for young farmers.
The Dail has voted in favour of trebling the stamp duty rate, bringing it to 6% overall - with agricultural land set to be affected.
The increased funding of €25 million for the ANC scheme in Budget 2018 has been welcomed by ICSA President, Patrick Kent.
In an ideal situation the income tax gap between the self-employed and the PAYE sector would have been closed completely in Budget 2018.
The President of the ICMSA John Comer has described today’s budget as “very disappointing from the point of view of farm families”.
Budget 2018 brought about some significant changes for farmers with a range of modifications, as today's budget announcement was made.
The increase in commercial stamp duty from 2% to 6% announced in Budget 2018 will not affect agricultural land, Minister Creed has stated.
There has been a mixed response to Budget 2018, announced earlier today by the Minister for Finance, Paschal Donohoe, from the IFA.
A funding increase of €19 million has been announced for the newly-established Department of Rural and Community Development.
It has been confirmed that a €300 million low-cost loan scheme will be introduced next year as part of Budget 2018.
Funding for the ANC scheme, Brexit measures and income volatility tools are top prioritises for politicians heading into Budget 2018.
It is understood that a €25 million funding boost for the Areas of Natural Constraint (ANC) scheme will be delivered upon in Budget 2018.
