A new €90/cow suckler scheme and the rollover of a range of farm tax reliefs are the big-ticket items for farmers in Budget 2023.

However, some 20,000 farmers are likely to be locked out of the new agri-environment scheme, ACRES, next year and €46m will be cut from farmer incomes as a result of the flat-rate VAT rebate being reduced to 5%.

The announcement of a new tax relief, which will allow farmers to offset the cost of building slurry tanks, has been tainted by a 10% concrete levy. This could add almost €2,000 to the cost of a three-bay suckler shed next year.

Income tax gains and energy credits are likely to help bolster farm family income. However, they are unlikely to be enough to offset further high input costs in the coming months.

Cut to flat-rate VAT payments will cost farmers €46m

New beef scheme to pay €90/cow

Fodder Support Scheme rolled over

Forestry allocation increased to €112m in budget

Over 20,000 farmers locked out of ACRES

Excise on green diesel extended

Farmers gain access to energy support scheme

More cash for TAMS in solar panel push

New loan scheme to benefit farmers

Concrete levy and relief for slurry tanks

Was a Budget-day fiasco avoided at the Ploughing?

Editorial: farm budget positive but still gaps for farmers