New financial measures for the agri sector of which a total of €12.5b has been allocated, have been warmly received across the region this week.
The funding which comes on the back of the new Common Agricultural Policy (CAP) and match funding at Government level is set to boost not just the sector but the entire economy as well. It has also emerged that a new agri scheme - GLAS - is to be rolled out and it is anticipated that it will be up and running by 2015.
Longford/Westmeath Fine Gael TD, James Bannon said this latest announcement was positive and he pointed to the “commitment” to rural Ireland that was now evident at national level. “The Rural Development Programme will, at a time of scarce resources, see more on farm investment,” he said, adding that it also represented the Government’s strong commitment to investing in rural communities. “€8.5b in EU funding will be paid in direct payments to farmers in the period up to 2020 and this is very positive indeed.”