The Chairman of ICMSA’s Farm Services and Environment Committee, Mr. Patrick Rohan, has expressed his extreme disappointment with the absence of any funding for the agricultural sector in the Government’s stimulus package announced last week. He called on Minister Coveney to immediately address the current inequities that exist within the economy, whereby the agricultural sector is being visibly ignored in terms of aid or encouraging the realisation of its potential.
Mr. Rohan specifically identified the Dairy Equipment Scheme as an ideal catalyst to provide economic activity and growth in rural areas.
“ICMSA has continuously expressed our dissatisfaction with the current tranche system and believes that funding for this vital scheme should be front-loaded to ensure farmers are approved at the earliest opportunity thereby allowing work to commence as soon as possible.
Details of the Dairy Equipment Scheme
Original funding of €35.4m for Dairy Equipment Scheme - Eight Tranches of €4.425m each.
€4m is being switched from the Rainwater Harvesting Scheme which will increase the value of each tranche by €500k therefore increasing the value of each tranche to €4.925m
First Tranche closed 31 January 2012 – 936 applicants with value in grant terms of €11.3m. Of these approximately 410 receiving approval.
Unsuccessful applicants will be rolled over to Tranche 2.
Second Tranche closed 30 April 2012 – 391 applicants with value in grant terms of €4.8m. Of these including the roll-over from Tranche 1 only approximately 410 will again receive approval.
Third Tranche closing 31 July 2012.