IFA National Livestock Chairman Angus Woods said farmers selling cattle at the current unviable prices are shipping major financial losses and facing financial ruin.
He called on the Minister for Agriculture Michael Creed to insist that the Brexit compensation package currently being negotiated with the EU to be applied retrospectively.
“It is very easy for Commissioner Hogan to tell farmers ‘not to panic’ and for Minister Creed to adopt a ‘wait and see’ approach, but the financial reality is Irish beef farmers are on their knees and urgently need a tangible response from Brussels, which addresses the Brexit losses. IFA has put detailed proposals to the Department of Agriculture on what’s needed for the beef and livestock sector”.
Angus Woods accused the factories and agents of overcooking the negativity around the cattle price, which he said has seriously damaged farmer confidence in the sector. “Cattle farmers have faced a barrage of negativity on the price since last autumn. It is incredible that the price has been stuck at a base of €3.75 for steers and €3.85 for heifers since last September”.