Tim Cullinan: welcomed the erlease of the €50m Beef Finisher Payment Scheme funding
IFA president Tim Cullinan has welcomed confirmation that the Beef Finisher Payment (BFP) will be issued to farmers this week.
A total of €50m was allocated for the scheme in June to compensate beef farmers for losses arising from the Covid-19 crisis.
Mr Cullinan said that the payments would be an important boost for farmers.
“Many recipients of these payments will already have invested in replacement stock during the autumn, so the value of these payments will benefit the whole sector,” said the Toomevara farmer.
“Not all of the money for the scheme will be allocated. Any underspend must be used to cover animals which were excluded from the scheme because they were exported,” he said.
IFA national livestock chairman Brendan Golden said that the scheme was a vital support to farmers.
“It was important that the Government introduced this scheme, and that the money is now getting out to farmers,” he said.
Over 28,000 valid applications have been made under the scheme for almost 466,000 animals, which is based on the number of cattle sent for slaughter between February 1, and 12 June 12 subject to a limit.