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Creed Welcomes Flexibilities in €500 Million Commission Aid Package

Minister for Agriculture Food & Marine, Michael Creed TD has today (Monday) welcomed important elements in a €500 million aid package for the EU Agriculture sector with particular emphasis on the Dairy sector. The package includes a €350 million conditional adjustment aid measure to be implemented by Member States – from which Ireland will receive €11.1m - and a €150 million EU wide measure to support voluntary reduction in milk production.

Commenting on the package Minister Creed said, “I welcome the fact the Commission has taken a two-pronged approach to dealing with the issue.  Ireland’s views in relation to supply management are well known and we did not want today’s package to be focused exclusively on production discipline, although there were strong demands for that from some Member States. So the fact that 70% of today’s package has been directed to adjustment aid is very welcome. In relation use of these funds, I have argued strongly that the maximum possible flexibility needs to be given to Members States. While we still await full details, which we will examine closely, the flexibility indicated by the Commissioner to provide liquidity support to farmers is welcome.”

Minister Creed said he was also pleased that the Commission has responded to demands from Ireland and others by the extension of public intervention for Skimmed Milk Powder and private storage aid schemes to February 2017.

The package also includes provision for advance payment of key farm support payments. The payment of up to 70% of direct payments and 85% for area based RDP payments from October 16th of this year will provide further relief to farmers experiencing liquidity issues,” the Minister said.

Minister Creed commended Commissioner Hogan for delivering this package concluding that “€500 million is a significant package in the context of competing demands for funding within the EU at this time and underlines the Commissioners capacity to deliver for the Agriculture sector within the EU”.

View this Press Release as a PDF: DAFMPR 79/2016 (pdf 372Kb) 

Date Released: 18 July 2016

Distribution channels: Agriculture, Farming & Forestry