EU Commission to make €50million available to Irish beef farmers
On the 20 June 2019, the EU Commission, in a press release, stated that €50 million would be made available to Irish beef farmers and this can be matched by national funds to reach a maximum of €100 million.
(Is this State Aid to subsidise Irish Beef Farmers ?)
The establishment of the fund reflects the Commission recognition of the particular challenges facing the Irish beef and veal sector due to market uncertainty and an unprecedented and sustained period of low prices. This exceptional measure, provided under the Common Market Organisation of the Common Agricultural Policy (CAP), will offer support to the Irish farmers affected.
Ireland’s beef and veal sector is both large and hugely dependent on exports. Five of every six tonnes of beef produced is exported and almost 50% of these exports are to the United Kingdom. Uncertainty around the withdrawal of the United Kingdom is putting downward pressure on prices, deteriorating further the situation of beef producers in Ireland
Full Press Release is available at