'Brexit' must contain farm competitiveness measures - Healy
IFA President Joe Healy has said that next month’s budget, billed as a ‘Brexit’ budget, must contain
practical measures to improve competitiveness and provide support for farm incomes.
at an IFA pre-Budget briefing for Oireachtas members today (Wed), he
said, “The Minister for Finance, Paschal Donohoe must make good on his
to frame October’s Budget in the context of the sterling weakness
arising from the Brexit uncertainty. At our recent pre-Budget meeting
with the Minister, we highlighted the priority issues for farmers, many
of whom have been impacted directly from the weakening
of sterling, particularly in the beef and mushroom sectors”.
means making available further low cost bank financing to farmers,
increasing funding for the Areas of Natural Constraint and equalising
the Earned Income
and PAYE tax credits.
is also campaigning for the Government to seek direct support at EU
level for farm level measures that counteract the price drops.
continued, “Delivery on IFA’s budget proposals will contribute to
tackling low farm incomes, underpinning the contribution of the farming
and agri-food sector
to the economy, including the Foodwise 2025 targets, and supporting economic activity in rural communities”.
Expenditure priorities for farm enterprises and farm families in Budget 2018 are:
· Provision of government-supported low-cost loans for farming enterprises, to fund both ongoing working capital requirements and on-farm investment
· Increased funding for the ANCs to reach €225m, commencing the process of restoring ANC payments to 2008 levels
Farm Business Chairman Martin Stapleton said taxation measures to
address income volatility, the discrimination between self-employed
and employees in the income tax system, and to support
intergenerational transfer and farm restructuring, must be implemented
in Budget 2018.
addition, tax measures are required to support and deliver upon
Government policy in renewable energy, through the development
of renewable energy projects using farmland.
The key priorities identified for farm taxation in Budget 2018 are: