Fund to help beef finishers

A 50 million euro support fund to support beef finishers has been launched.

About 42-thousand farmers will be eligible to apply for the money, which is capped at 100 euro per animal and 100 animals per farm.

While it won’t compensate the industry for the entirety of it’s losses during the lockdown, it’s hoped that it will stimulate activity in marts this autumn.

Minister for Agriculture Dara Calleary says money that goes to farmers will be spent in the community:

The President of the Irish Farmers Association says finishers were losing around a thousand euro for every five slaughters during lockdown.

Tim Cullinane has welcomed the Government’s cash injection: