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IFA welcomes progress on farm taxation

IFA President Eddie Downey has welcomed the further progress made on farm taxation measures in the Budget, in particular the introduction by the Government of measures on farm succession to encourage a new generation of farmers to get involved with their parents in the business at an early stage.

  He said a tax credit of €5000 per year for five years was significant and would help farm families deal with the real challenges of inter-generational transfer.

  The IFA President released a statement which said the income tax credit of €550 for farmers and the self-employed, while long overdue, was very welcome and must be built on in future budgets. He said that the Association has long campaigned to have this unfairness in income taxation for farmers and self-employed addressed.

  He went on to state that the changes to the taxation for farm forestry were also welcome and a necessary measure to assist in the efficient harvesting and re-planting of farm forestry.

  The IFA also believes the increase in the threshold for Capital Acquisitions Tax to €280,000 starts to reflect the increase in the value of assets, but much more needs to be done in future Budgets. He said the rollover of all existing farm tax reliefs for three years, including stock relief, is important for investment on farms.

  Eddie Downey said the increase in funding for agriculture for next year to €1.3bn will ensure that farmers entering new schemes under the RDP will finally get much-needed payments after years of cuts. However, he said farmers will be insisting that the Minister accepts in more of the projected 50,000 applicants into GLAS this year so that full payments can be made in 2016. In addition, the Minister needs to address farmer concerns following recent changes to the GLAS scheme.

  Mr Downey said the general changes to the income tax and USC and the increase in social payments, especially for older people and young families, will all help after some difficult years of spending cuts. However, employers in some sectors will have difficulty in finding the extra resources to meet the new minimum wage increase for next year and he warned that retailers and other purchasers of food will have to reflect this in the return to their suppliers.

 

 

 

 

Mart Reports - 23rd October

Castlerea Mart Report Sale

5/10/15: Big numbers of stock presented on Thursday last and trade received a further lift this week driven by farmers and export demand. Heifers in particular were improved in price with better quality lots on offer this week and extra demand evident while the weanling trade continues to strengthen due to strong farmer, feedlot and export demand. Breeding stock also noticed improvement this week.

SAMPLE PRICES – HEIFERS: Lim 390kgs €1200 Ch 395kgs €1065 BBX 480kgs €1270 Lim 440kgs €1220 Ch 740kgs €1645 Lim 630kgs €1605 Ch 600kgs €1570 Ch 640kgs €1640.

DRY COWS: Lim 670kgs €1025 Sim 700kgs €1165 Sim 690kgs €1310 AA 705kgs €1215 Sim 790kgs €1435 AA 855kgs €1565. Cows with calves at foot made from €1170 to €2040 for a Lim cow and her Ch heifer calf at foot. Springers made from €1150 to €1900 per head.

WEANLING BULLS: Chx 285kgs €1045 Ch 250kgs €910 Lim 285jkgs €890 Ch 420kgs €1280 Lim 445kgs €1270 Lim 330kgs €1150.

WEANLING HEIFERS: Lim 285kgs €1050 Ch 275kgs €940 AA 290kgs €870 Ch 350kgs €1120 Ch 310kgs €940. Bullocks Sale, Monday 12th October: 300 bullocks on offer with bullocks making from €400 to €940 over their weight with an average of €648 over paid.

Stores in particular were an improved trade with stronger demand this week. SAMPLE PRICES: Ch 455kgs €1300 Lim 470kgs €1280 Ch 510kgs €1300 Ch 540kgs €1380 Ch 560kgs €1490 Lim 750kgs €1600 Ch 610kgs €1490. Sales continue at Castlerea Mart.

Roscommon Mart Report

Friday, October 16 There were good numbers on offer this week. The trade for quality-type bullocks was on par to previous weeks, while plainer lots were slightly easier.

There was a similar trade for heifers, with no significant change in prices. There was an improvement in the trade for dry cows, with all lots sold.

An extra special sale of bullocks be held on Friday next, October 23, with 100 pens on offer. In addition, there are 40 pens of mostly breeding heifers and dry cows.

New booking arrangements: please note bookings for all special sales will be accepted up to 5 pm on Tuesdays, Wednesdays and Thursdays the week prior to the sale.

The Draw for the pens will take place on Thursday at 5 pm. Draw System for starting pen on sale days: the draw for the starting pen will be made at 10.45 am on Fridays and 4.45 pm on Tuesdays.

The first number drawn will be the starting pen and a second draw will be made to determine whether the draw will go up or down.

Dates for your diary: weanling show and sale – Tuesday, October 20, at 5 pm. Eighty pens of bulls and 40 pens of heifers on offer. Special entry of 42 outstanding springing heifers in Ring 3 at 6 pm. Stock may be viewed on our website or Facebook page.

The following events will be held on Friday, October 23 – special sale of breeding heifers at 11 am, with 40 Pens on offer; special sale of Cont X. bullocks at 11 am, with 100 pens on offer; unhaltered sale of Limousin heifers in ring 3 at 7 pm.

Saturday October 24 at noon – Special sale of Springers. Lot 1 – 22 Springers, calf to the easy calving AI Lim Bulls (ZAG), (GWO) and HCA, calving from end of October to early December.

All Heifers vaccinated for lepto and BVD. Lot 2 – nine excellent quality springing heifers, in calf to AI Lim bulls (RHF), (KJB) (EBY) (HCA) Time up. All have been vaccinated for letpo and BVD. Lot 3 – 15 excellent quality springing heifers. All Lim heifers in calf to AI Dovea EBY, 1 Simmental Heifer in calf to AI Dovea SEV, calving from the start of November to end of December. All have AI cert and are export tested.

Tuesday, October 27: usual weanling sale. Also sale of 40 excellent quality springing heifers. Red and Black Lim X and Simm X in calf to a Ped. Reg Lim Bull. All heifers scanned and guaranteed in calf, calving from Nov 1 onwards.

All Heifers calving down 30 months to 36-months-old. Scanning certs available on night of sale. All are vaccinated for lepto and BVD. Full details Michael Cuddy – 083-8420400.

Friday, October 30 – special sale of heifers. Bookings accepted up to 5 pm on Tuesday, October 20, Wednesday, October 21 and Thursday, October 22.

Dry Cows made from €915 to €1700 per head. Sample Prices: Char X 960 kgs €1700, Char X 805 kgs €1415, Simm X 780 kgs €1400, Char X 645 kgs €1350, BBX 710 kgs €1320, Lim X 635 kgs €1250, Lim 685 kgs €1245, BBX 675 kgs €1240, Sim X 680 kgs 1085.

Heifers made from €540 to €1105 over . Sample Prices: Char 705 kgs €1810, Char X 685 kgs €1710, Char X 675 kgs €1700, BBX 710 kgs €1475. Char X 535 kgs €1340. AAX 570 kgs €1300, 3 Lim x 465 kgs €1275, BBX 435 kgs €1220, Lim X 440 kgs €1170, Char X 580 kgs €1530, Char X 420 kgs €1140, Char 500 €1300, Char X 505 kgs €1265, Char 495 kgs €1300, Char X 570 kgs €1465, 3 Char X 393 kgs 930.

Bullocks made from €590 to €1115 over. Sample Prices: Char X 775 kgs €1730, Char X 850 kgs €1720, Char X 775 kgs €1700, Lim x 730 kgs €1500, AAX 650 kgs €1440, BBX 580 kgs €1415, Char 520 kgs €1415, 2 Char X 532 kgs €1330. Char 505 kgs €1325, Char X 495 kgs €1320, 2 BBX 527 kgs €1305, Simm X 515 kgs €1290, 2 Lim X 448 kgs €1100, Lim x 490 kgs €1230, 2 Char X 455 kgs €1170. Char X 570 kgs €1520.

Show and sale of weanlings Tuesday, October 20

There was a huge entry of weanlings on offer at Tuesday’s show and sale. The trade remains strong for bull weanlings, with firm prices and a good clearance of lots.

The trade for weanling heifers was similar to the previous week and again a high percentage of lots were sold. There was a good attendance of customers with farmers more active this week.

Sales for weanlings and suckler cows continue weekly on Tuesdays at 5 pm.

The following events will be held on Friday, October 23: special sale of breeding heifers at 11 am, with 45 pens on offer; special sale of Cont X. bullocks at 11 am, with 100 pens on offer; unhaltered sale of pedigree Limousin heifers and bulls and 25 in calf commercial heifers in ring 3 at 7 p.m. Saturday October 24 at noon: special sale of springers.

Lot 1 – 22 Springers, calf to the easy calving AI Lim Bulls (ZAG), (GWO) and HCA, calving from end of October to early December.

All heifers vaccinated for lepto and BVD. Lot 2 – nine excellent quality springing heifers, in calf to AI Lim Bulls (RHF), (KJB) (EBY) (HCA). Time up – all vaccinated for letpo and BVD. Lot 3 – 15 excellent quality springing heifers.

All Lim heifers in calf to AI Dovea EBY, 1 simmental heifer in calf to AI Dovea SEV, calving from the start of November to end of December.

All have AI cert and are export tested. Tuesday, October 27 – usual weanling sale. Also for sale of 40 excellent quality springing heifers red and black Lim X Simm X, in calf to a Ped, Reg Lim Bull.

All heifers scanned and guaranteed in calf, calving from November 1 onwards. All Heifers calving down 30 months to 36-months-old scanning certs available on night of sale. All are vaccinated for lepto and BVD. Full details: Michael Cuddy – 083-8420400.

Friday, October 30 – special sale of heifers

Bookings accepted up to 5 pm on Tuesday, October 20, Wednesday, October 21 and Thursday, October 22. Weanling Heifers made from €420 to €930 over.

Sample Prices: 535 kgs €1420, Char X 440 kgs €1370, BBX 330 kgs 1150, Lim X 345 kgs €1000, Char X 385 kgs €1045, BBX 255 kgs €990, Simm X 380 kgs €955, BBX 320 kgs €950, Char X 330 kgs €955, AAX 460 kgs €1050, Char X 350 kgs €1050.

Weanling Bulls made from €525 to €910 over. Sample Prices BBX 565 kgs €1400, AAX 650 kgs €1400, Char X 490 kgs €1385, Lim X 595 kgs €1350, Char X 420 kgs €1250, AAX 485 kgs €1150, 2 Lim X 372 kgs €1140, Char X 380 kgs €1105, Char X 440 kgs €1370, Char X 340kgs €1065, Char X 335 kgs €1060, Lim X 320 kgs €1100, Lim X 335 kgs €1080.

Special Entry of Springers made from €1900 up to €2600

Sheep Sale – Wednesday October 21

There were smaller numbers on offer this week. There was improved trade for lambs with prices slightly better than the previous week.

The trade for cast ewes was on par to last week. Sample Prices: Ewe Lambs: 52.2 kgs €109, 44.50 kgs €96, 45.60 kgs €110, 53 kgs €105 47.40 kgs €104. 52.50 kgs €115.50.

Mixed Lambs: 50.4 kgs €104, 44 kgs €90, 52.10 kgs €102, 44.50 kgs €90, 53.47 kgs €102, 48.30 kgs €102, 45.4 kgs €94, 48.69 kgs €95,

Wether Lambs: 56 kgs €102, 42.5 kgs €86, 43.66 kgs €89.50 43.77kgs €92, 42.3 kgs €95, 49.30 kgs €100, 38.50 kgs €81.50.

Ram Lambs: - 44.16 kgs €85, 51.83 kgs €102. Cast Ewes made from €73 to €115 per lot.

Teagasc Options Workshops to provide farm families with ‘new thinking’

What are the options for increasing family farm income? Are they through on-farm efficiencies or through diversification? To help farmers make wise financial decisions and inspire diversification ideas, Teagasc are organising a series of ‘Options’ workshops for farm families a number of locations throughout the country this Autumn. 

  The Workshop for the Roscommon/Longford region will commence in Teagasc, Castlerea on Wednesday 21st October at 7.30 pm.

  Each workshop will consist of five sessions run over five consecutive weeks and will include visits to local farms and entrepreneurs who have succeeded in diversifying their farming activities.

  Topics covered at the workshops will include: Assessing your enterprise; Developing your idea; Family farm finances; Marketing and direct selling; Food enterprise possibilities; Rural tourism; Energy crops/forestry; Organic opportunities; Alternative land use options; A business plan – the basics; Business supports; Aplying for grant aid – and more.  

  Allen McAdam, a native of Carrickmacross in County Monaghan will be opening the Teagasc Options for Farm Families workshops held nationally this Autumn.

 Allen has over 16 years experience of working in the Local Development Sector in Ireland and across Europe.

   Other speakers will include Teagasc enterprise advisers/specialists along with Local Development Company, Local Enterprise Board and bank representatives.

  All farmers and farm family members are welcome to attend. Workshops are free of charge but prior booking is essential. There will be a small fee for a bus to the farm walks.

 

First dairy forum to address farmers’ concerns – Feighan

Fine Gael TD Frank Feighan has said that the first dairy forum hosted by the Agriculture Minister Simon Coveney marks a significant opportunity for farmers and stakeholders to discuss issues important to the dairy sector.

  “It has been a historic year for the Irish dairy sector and many farmers in Roscommon have been affected by these changes,” he said.

  “The dairy forum has been established by the Minister to focus on strategic issues for the development of Ireland’s dairy sector.

  “The abolition of the EU dairy quotas provides a great opportunity for the Irish dairy sector but it has also presented some challenges for farmers.

  “Recent price volatility due to turbulent global markets means Irish farmers are receiving a reduced farmgate price for their milk this year and this has caused difficulties.

  “However, there have recently been tentative signs that markets may be starting to stabilise due to the reduction in global production and a slow increase in demand.

  “While some price volatility is inevitable, it is important that Irish farmers and processors have the tools to help overcome these challenges.

  “The potential tools include not only EU market support measures, but also futures markets, longer term fixed price contracts, more stable supply and price arrangements and more flexible banking arrangements for farmers. 

  “The dairy forum is an opportunity for farmers, processors and other farming bodies to express their views and concerns.”

Macra welcomes ‘positive Budget’ for young farmers

Macra na Feirme national president Seán Finan has welcomed the positive measures for young farmers introduced in the Budget.

  The extension of the young farmer stock relief and the young farmer stamp duty relief in the budget was very welcome, he said.

  Mr Finan, from Ballinlough, said: “The 100 per cent young farmer stock relief aids growth and expansion by allowing young trained farmers to offset an increase in the value of their stock against their tax liability.

  “At the outset, all livestock farmers need to build up a viable production base through livestock. This is a long term investment in the farm and needs to be achieved without a heavy tax burden.”

  On the stamp duty relief, Mr Finan said: “Succession planning is crucial to ensure young farmers and their families can plan the future of the family farm.

  “We believe that is it important to encourage the early transfer of land to committed young and progressive farmers.”

  Macra na Feirme also welcomed the 24 per cent increase in the Group A Capital Acquisition Tax personal threshold up to €280,000 following their representations in this area.

  “This increase reflects the increase in asset values,” said Mr Finan.

 

IFA welcomes Broadband commitment

IFA President Eddie Downey has welcomed the Government’s announcement of a €275 million allocation for the National Broadband Plan.   With additional agreed EU support of €75m, this represents a significant commitment, Mr. Downey said.   He said “The initial stimulus of €275 million is a positive step towards delivering high-speed broadband to rural dwellers and the farming community, as set out in the National Broadband Plan.”    However, he said it is very likely that much more funding will be required to deliver fibre broadband to every home and business in rural Ireland.

 “IFA believes a fibre broadband network for rural Ireland is necessary. Fibre will ensure the service is accessible to all and it will deliver a high quality solution.”

 

Mart Reports - 16th October

Roscommon Mart Report

Friday, October 2

There was another big entry of stock on offer at last Friday’s sale which included a special sale of bullocks.

  There was a solid trade for bullocks with not much change in prices for good quality lots. The plainer type bullock was a little easier, but despite this, there was a good clearance of lots.

  The average price for bullocks was €2.37 a kilo with a maximum price of €3.06 a kilo. The trade for heifers and dry cows was similar to last week.

  The average price of heifers was €2.34, with a maximum price of €2.91 a kilo. Special sale of heifers on Friday next, October 9.

  80 pens on offer; also 80 pens of bullocks and dry cows.

  New booking arrangements: please note bookings for all special sales will be accepted up to 5 pm on Tuesdays, Wednesdays and Thursdays the week prior to the sale.

  The draw for the pens will take place on Thursday at 5 pm.

  Draw system for starting pen on sale days: the draw for the starting pen will be made at 10.45 am on Fridays and 4.45 pm on Tuesdays.

  The first number drawn will be the starting pen and a second draw will be made to determine whether the draw will go up or down.  

  Weanling shows and sale: Tuesday, October 6, and October 20. Special entry of 42 outstanding springing heifers: Tuesday, October 20.

  Stock may be viewed on our website and Facebook.

  Dry Cows made from €915 to €1530 per head.

  Sample Prices: BAX 790 kgs €1530, Lim X 835 kgs €1500, Char X 770 kgs €1410, Char X 825 kgs €1350, Char X 755 kgs €1305, AAX 730 kgs €1255, Char X 665 kgs €1225, AAX 670 kgs €1160, Simm X 745 kgs €1100, Lim X 590 kgs €1150, BBX 650 kgs €1270.

  Heifers made from €435  to €800 over.

  Sample prices: BAX 700 kgs €1500, Char X 545 kgs €1280, Char X 485 kgs €1200, AAX 480 kgs €1110, Char 430 kgs €1120, 3 Char 420 kgs €1070, 2 Char X 382 kgs €1050, Lim X 435 kgs €1030, Char X 410 kgs €1050, BBX 330 kgs €880, 2 BBX 365 kgs €940.

  Bullocks made from €520 to €1135 over.

  Sample Prices: Char X 420 kgs €955, Lim 435 kgs €1100, Char X 765 kgs €1900, Char X 595 kgs €1680.

  2 Char X 527 kgs €1615, 5 Char x 545 kgs €1640, Char X 565 kgs €1600, 6 Char X 573 kgs €1530, Lim X 570 kgs €1455, 3 BAX 533 kgs €1450, Lim 570 kgs €1455, Char 545 kgs €1370, 3 Char 468 kgs €1260, Lim X 500 kgs €1300, Lim X 580 kgs €1505, Char X 495 kgs €1385.Simm 585 kgs €1310.

Breeding ewes – Saturday, October 3

There was a nice entry of breeding stock on offer at last Saturday’s sale. The trade of Breeding Ewes was similar to the previous week.

  The price for Breeding Hoggets was slightly easier. The final sale of breeding bwes will be held on Saturday next October 10.

  Gates open at 8 am. Sale commences at 11 am.

  Hoggets ranged from €128 to €181 per head; 2 year old Ewes made from €138 to €180 per head; 3 year old Ewes made from €120 to €150 per head.

Show and sale of weanlings - Tuesday, October 6

There was a great entry of top quality weanlings at the show and sale held on Tuesday last. There was a flying trade for Weanling Bulls with prices averaging from €2.76 a kilo up to a maximum of €3.74 a kilo.

  There was a steady trade for weanling weifers, with prices ranging from an average of €2.70 a kilo up to a top price of €3.77 a kilo.

  Once again there was a large attendance of customers  and an excellent clearance of lots.

  Sales continue on Tuesday evenings for weanlings and suckler cows.  

  Included in the sale on Tuesday next, October 13: 30 very good quality cont X Springing Heifers, (BBX, Char X & Lim X) in calf to P.B. Lim Bull, 5 to 6 months in calf. Scanning certs available on the night of sale. The next Show & Sale of Weanlings Tuesday October 20th at 5 pm. 

  Bookings accepted up to 5 pm on Tuesday, October 13, Wednesday October 14 and Thursday October 15, September 30 and Thursday, October 1. 

  Special entry of 42 outstanding Limousin springing heifers on Tuesday, October 20, at 6 pm. In calf to the easy calving A I Limousin 5 Star Bull (ZAG).

  All heifers scanned and guaranteed in calf to AI dates, calving from November 1 onwards.

  Scanning Certs and AI Certs will be supplied on the evening of the sale. All heifers are calving down 2½  to 3-year-old.

  All Heifers are tested and clear from BVD. All Heifers are vaccinated for leptospirosis and BVD.

  All heifers are star-rated as per ICBF. Opportunity to purchase quality heifers to produce the high-priced weanlings.

  Contact: Tommie Regan on 086-8286795. Full details on www.roscommonmart.ie or Facebook.

  Live streaming of sales from Ring 1; click on our website or Facebook page.

  Weanling Heifers made from €440 to €805 over

  Sample Prices: Char X 390 kgs €1180, Lim X 335 kgs €1160, BBX 335 kgs €1100, BBX 325 kgs €1040, Char X 265 kgs €1000, Lim X 360 kgs €995, Lim X 330 kgs €1000, BBX 290 kgs €980, AAX 370 kgs €800, BBX 300 kgs €820, BBX 305 kgs €920, Simm X 300 kgs €840, Lim X 335 kgs €1040, Char X 385 kgs €1105, Char X 415 kgs €1150.

Weanling Bulls made from €535 to €1010 over

  Sample Prices Char X 550 kgs €1510, Lim X 545 kgs €1500, BBX 620 kgs €1400, AAX 555 kgs €1360, PTX 410 kgs €1320, 3 Lim X 498 €1270, Char X 385 kgs €1265, Char X 470 kgs €1310, BBX 455 kgs €1340, Char 405 kgs €1260, Lim X 420 kgs €1235, 2 Char X 422 kgs €1200, BBX 395 kgs €1200, AAX 480 kgs €1165, BAX 325 kgs €1160.

Sheep sale – Wednesday, October 7

There was a large entry of sheep on offer this week.

  The trade was slightly easier for finished lambs while the prices for ewe lambs were also back in particular for lesser quality lots. There was no significant change in the trade for cast ewes. 

  Weekly sales for sheep continue on Wednesdays @ 11 a.m. 

  Please note ewe lambs will be sold separately to wether/ram. The final sale for breeding ewes will be held on this Saturday, October 10. 

  Sample Prices:

  Ewe Lambs:   51.20 kgs €105, 47.20 kgs 95, 48.60 kgs €110, 52 kgs €126,

 38.20 kgs €80, 56.30 kgs €117, 49.30 kgs €100, 52.20 kgs €102.

  Mixed Lambs: 48.30 kgs €98, 50.50 kgs €100, 40.40 kgs €87,

Wether Lambs: 41.10 kgs €88, 38.3 kgs €80, 44.60 kgs €85, 57.5 kgs €102, 47.90 kgs €95, 42.70 kgs €88, 43.80 kgs €90, 45.65 kgs €93.

  Ram Lambs: - 44.30 kgs €86, 42.3 kgs €83, 38 kgs €80, 55 kgs €100

  Cast Ewes made from €50 to €117 per lot.

 Castlerea Mart Report

Sale, 8th of October: 1000 cattle on offer on Thursday last at our Annual Show and Sale of Aberdeen Angus heifers and aided by the recent improved weather conditions trade has remained firm for almost all types of stock.

  Weanlings in particular have remained a very strong trade with farmers and exporters especially keen for the quality lots.

  Sample prices – AA Heifers prize-winners: AA 555kgs €1220 AA 510kgs €1170 AA 520kgs €1190 AA 570kgs 1265 AA 565kgs €1280 AA 535kgs €1245 AA 515kgs €1260 AA 550kgs €1265.

  Dry cows: Ch 800kgs €1655 Lim 800kgs €1610 Ch 745kgs €1550 Ch 840kgs €1567.

  Cows with calves at foot made from €1300 to €1880 per head. Springers made from €920 to €1600 per head.

  Weanling bulls: Ch 270kgs €950 Lim 290kgs €910 BB 405kgs €1280 Ch 440kgs €1235.

  Weanling heifers: Ch 295kgs €1010 Ch 260kgs €900 BBx 250kgs €870 Ch 360kgs €1135 Ch 325kgs €1025.

Bullocks sale, Monday 5th October: 280 bullocks on offer with prices ranging from €400 to €860 over their weight with an average of €607 over paid. 

  Sample prices: AA 475kgs €1250 Ch 520kgs €1335 AA 500kgs €1255 Lim 590kgs 41450 Ch 625kgs €1415 Lim 635kgs €1365.

  Sales continue at Castlerea Mart.

 

 

Local IFA meet with TDs and Senators ahead of Budget

Roscommon IFA County Chairman, Mr. John Hanley, presented the Association’s pre-budget submission ‘Investing in agriculture to drive economic growth’ to members of the Oireachtas, at which he said the targeting of sectors like agriculture that can stimulate economic activity must be a key Government objective in next month’s Budget.

  Mr. Hanley, with the Farm Business & Rural Development Committees, met their local TDs and Senators, where they highlighted the key issues in the submission where progress is required, and the importance of achieving a balanced economic recovery across the country.

  Mr. Hanley said, “Throughout the downturn, the primary agriculture and agri-food sector delivered increased employment and export earnings, contributing significantly to our economic recovery.

  “However, the cuts to farm schemes in successive budgets have had a damaging effect on farm incomes particularly in the vulnerable, low-income drystock sectors.”

  IFA is clear that in Budget 2016, the Government must deliver on its funding commitment to the Rural Development Programme (RDP).

  Funding of €580m, which has already been committed as part of the RDP, must be provided for farm schemes in the Budget.

  This funding will underpin economic recovery of rural Ireland and will deliver programmes of support for low-income farmers, support the provision of environmental services, encourage young farmers, promote on-farm investment and support farming in marginal areas.

  Mr. Hanley said: “Budget 2016 provides an opportunity for the Government to address the structural problems and build on the productive capacity of the agricultural sector through the taxation system.”

 IFA’s priorities for farming in Budget 2016

* Funding of €250m must be allocated for agri-environment schemes in Budget 2016, with full payments for 50,000 participants

* Funding of €65m for the suckler cow herd must be provided through the Beef Data and Genomics Scheme in Budget 2016

* A funding allocation of €15m is required for the rollout of Knowledge Transfer programmes for farmers across all sectors in 2016

* Funding of €40m is required for the TAMS II programme in 2016, to cater for all sectors

* A targeted payment for the ewe flock, requiring a funding allocation of €25m in Budget 2016

* An increased funding allocation for the TB Eradication Programme, to include increased consequential loss payments for farmers

 

 

Teagasc to hold Clinic on issues regarding transferring of family farm

Teagasc are hosting clinics in the Landmark Hotel, Carrick-on-Shannon on Thursday, 15th October. This is a free event and open to all family farms to attend. James McDonnell, financial specialist, Teagasc said: “Inheritance and succession, is an on-going issue for Irish farm families and must be dealt with in a timely fashion. At these clinics you will gain an insight into, not only the legal, social welfare, and tax implications, but also the best way to go about having the conversation in the family setting.”

  At the clinic, a Teagasc Specialist will make a short address, covering all aspects that need to be considered when writing a succession plan. The clinic will then be open to the farm families present to go and have ‘one to one’ private conversations with the professionals set up in booths around the venue.

  Professionals in attendance will include: Accountants/Tax advisers; Solicitors; Succession mediators; Social welfare advisers; Citizens information; Teagasc Education officers/Collaborative farming/financial specialists.

  Family involvement in planning for succession is essential. A key aim must be to have an open conversation with the people involved so that misunderstandings can be avoided. Some issues you can address with the relevant professionals could include:

• Writing a will/forming trusts

• Starting the conversation within the family

• Income security after retirement and pensions

• Fair deal scheme and its pitfalls

• Options to cater for other siblings

• Forming a partnership with your children

  There are also a number of Tax issues to be considered. On life time transfer of farm assets, Capital Acquisitions Tax (CGT), Capital Gains Tax (CGT) and Stamp Duty are the taxes for which a return must be filed.

  Transferring the family farm with good professional advice will help make the task less daunting. It is important to make preparations early so that potential problems can be assessed and avoided before they arise. This will give peace of mind to the parent and give the successor the best possible chance of keeping the farm business together for future generations. The majority of farm families do not plan adequately for succession, so all land owners and potential successors are encouraged to be informed of the issues by attending one of these events.

  There will be two clinics in the Landmark Hotel, Carrick-on-Shannon on Thursday, 15th October, the morning one commencing at 10.30 am and the afternoon clinic beginning at 2 pm.

  To book contact your local Teagasc office in Roscommon (090-6626166), Castlerea (094-9620160) or Longford (043-3341021).

 

                                                           

 

 

Fitzmaurice to Enda: ‘You’re biased towards big farmers’

Independent TD Michael Fitzmaurice has said that the Government are biased towards big farmers in Ireland.

  On Tuesday, the local deputy raised a number of “ongoing problems” in the agri-sector in this country with the Taoiseach during Leaders’ Questions.

  Speaking afterwards, he said: “I raised the problems associated with the Glas Scheme and the Beef Genomics Scheme and the problems facing the dairy and beef sectors and the plight of young farmers.

  “The Taoiseach acknowledged that there were problems facing the sector but I am not confident that the specific problems that I raised will be adequately addressed by Agriculture Minister Simon Coveney.  “The trend towards the much bigger farms in Europe is going on in Ireland too and we must take measures to combat the exclusion of the small family farm from the mainstream of agriculture.”

  Deputy Fitzmaurice said that he hoped that a package for small farmers would be unveiled in Budget 2016 next Tuesday, October 13.

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