Agri-Business
Due to an increase in the carbon tax being applied to green diesel, the price of the fuel is set to rise next May, Revenue says.
Agricultural contractors are set to be hit with carbon tax increases on green diesel announced in Budget 2020, it has been confirmed.
Environment
The announcement in 'Budget 2020' of €1 million for the Farm Plan Scheme has been welcomed by the IFA's SAC project chairman, said Padraic Joyce.
A combined total of €10 million has been allocated for a transformation fund for food businesses in the event of a no-deal Brexit under Budget 2020.
Agri Politics
The Taoiseach, Leo Varadkar, has stated that it will be "very difficult" to secure an EU-UK Brexit deal by next week's October 31 deadline.
Two thirds of the value of farm transactions will continue to be exempt from the stamp duty live register, according to Minister Creed.
Beef
Dairy farmers who finish cattle would be included in the €85 million no-deal package for beef farmers in Budget 2020, Minister Creed has said.
Farmers using green diesel on their own farms will be entitled to a refund through their tax system for price rises, Minister Creed has said.
Michael Creed has said that he expects his department to get the "lion's share" of the €650 million no-deal funding under Budget 2020.
There is "a lack of measures" to address the farm income crisis, according to the Fianna Fáil spokesperson on agriculture.
Minister Creed has today outlined: "The increase in the price of diesel as a consequence of the carbon tax will not impact on agri diesel."
Rural Life
Budget 2020, which was announced today, provides "very little detail" on mitigation for a no-deal Brexit, according to the ICSA.
Budget 2020 will come as a "profound disappointment to farmers in general", according to the Irish Creamery Milk Suppliers' Association.
A portion of the increased revenues from the rise in the carbon tax, announced in today's budget, will be put towards the midlands region.
Funding put aside in Budget 2020 for the agri-food sector in a no-deal Brexit "can be augmented by supporting funds from the EU".
Minister Donohue has outlined: "I am allocating €3 million in order to pilot new agri-environmental schemes in 2020."
It has been confirmed today, Tuesday, October 8, that the Government will allow for a further relief for farm restructuring.
It has been confirmed that diesel and petrol prices at filling stations nationwide will increase from midnight tonight, Tuesday, October 8.
In the event of a no-deal Brexit, €650 million will be made available to support the Agriculture, Enterprise and Tourism sectors.
There has been mounting confusion in relation to the possible impact of a mooted increase in stamp duty rates to be announced in Budget 2020.
Farmers and the wider rural community will be "watching closely" as the details of Budget 2020 emerge, a farm leader has stated.
As the unveiling of the Government's Budget 2020 edges closer, opposition to its looming carbon tax increase is gathering pace.
Budget 2020, set to be announced tomorrow, Tuesday, October 7, is set to include carbon tax increases and an agricultural package for Brexit.
