2018 will be a defining year for Irish farming - IFA President tells AGM
The European Commission announced earlier this week that they have increased the maximum threshold limits from under the agriculture de minimis regulation.
The threshold has now been increased from €15,000 to €25,000 and can be provided without prior approval from the Commission.
The announcement comes ahead of Brexit though it was not directly referenced in the commission’s statement and Minister Creed spoke to welcome the news.
“The increase in the agriculture de minimis limits is a very important first step , and I am grateful to the Commissioner for his response on this issue.” He noted.
IFA president, Joe Healy, said the announcement is an important first step to help protect farmers in the event of Brexit.
He did warn, however, that significantly more funding would be needed in a worst-case Brexit scenario and in a ‘no deal’ Brexit, State Aid limited to €8,300 per year would simply not be enough for farmers.