Shane McEntee TD, Minister of State at the Department of Agriculture, Food and the Marine with responsibility for forestry, announced today the roll-out, by his Department, of the annual tax-free forestry premium payments for 2012 by the end of the week.

Speaking during a visit to the forestry plantation of Ms. Ann Vereker in Ferrybank, Co. Kilkenny, the Minister of State said that payments totalling €58.5 million will be issued by his Department in the coming days in respect of over 16,250 forestry plantations nationwide, the majority of which are owned by farmers.

Minister of State McEntee thanked Ms. Vereker for the opportunity to visit and view her forestry plantation and encouraged other landowners to consider forestry as an option on their holdings and "to see it as a means of a regular income from the associated annual forestry premiums, an investment for their future and the production of a raw material for a strong indigenous industry that brings considerable benefits to our economy."

Left: Minister Shane McEntee presents Ms Ann Vereker her 2012 Forestry Premium during his visit to her forestry plantation in Ferrybank, Co Kilkenny. Also at the presentation was Mr Pat Hennessy, Chairman, IFA, Farm Forestry.

Right: Minister Shane McEntee presents Ms Ann Vereker her 2012 Forestry Premium during his visit to her forestry plantation in Ferrybank, Co Kilkenny.

Date Released: 03 April 2012

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.