€50 million EU Fund for Irish Beef Farmers
A fund of €50 million for Irish beef farmers has been agreed by the European Commission. The Irish government will have the possibility to match this fund, which should bring the total amount of financial support for Irish beef farmers to €100 million.
Speaking this afternoon, the EU Commissioner for Agriculture and Rural Development, Phil Hogan, said that “this fund recognises the particular difficulty that Irish beef farmers have experienced during an unprecedented and sustained period of low prices, principally driven by events beyond their control. This fund will support a fragile but very important sector and protect its long-term viability. The European Commission has concluded that the sector is in need of an immediate response.”
The full details of the measure will now be finalised as a matter of urgency, in order that the financial support can be made available to farmers as soon as possible.
Commissioner Hogan concluded by saying that “the most important thing now is that we finalise all of the necessary terms of the measure in order that this aid starts flowing to hard-hit Irish beef farmers as soon as possible. I have already spoken to Minister Michael Creed and I am confident that the Irish authorities will take all of the necessary steps to ensure the expeditious implementation of this measure.”