Minister for Agriculture Michael Creed announced this Tuesday that the Budget 2019 allocation to the ANC scheme would increase by €23m to a total of €250m, restoring the level applied before recession cuts.
It remains to be seen how the Department will distribute the new funds among almost 100,000 farmers participating in the scheme. Following a previous €25m increase in last year's budget, the new rates announced the following February targeted most of the additional money to smaller hill farms.
"Its a way of supporting farmers in low income areas", Joe Brady expresses his views on #Budget19. @IFAmedia pic.twitter.com/vVFd4T8rfN
— Farmers Journal (@farmersjournal) October 9, 2018
If the same distribution applied to this year's increase, the top rates would change as follows, according to an IFA calculation:
The ANC scheme will also undergo significant change with the new delineation of eligible areas by the end of this year. This may affect the way additional funding is distributed.