Minister announces early payment

The Minister for Agriculture, Food and the Marine, Simon Coveney has confirmed an agreement has been reached which provides for an advance payment of €600 million under the 2012 Single Payment Scheme.

The Minister for Agriculture, Food and the Marine, Simon Coveney has confirmed an agreement has been reached which provides for an advance payment of €600 million under the 2012 Single Payment Scheme.

The agreement will now allow his department to make advance payments at a rate of 50% to those applicants whose applications are confirmed fully clear with effect from October 16th, with balancing payments being made with effect from December 1st.

The Minister explained that his approach to the Agriculture Commissioner had been prompted by the very wet weather experienced throughout June and July, which has led to severe difficulties for farmers, particularly in silage-making and which has also required the housing and price of animal feed. He said: “Being acutely aware of the significance to farmers and the wider rural economy of the Single Payment and mindful of the ongoing financial crisis, I have been particularly concerned at the difficulties caused for farmers by the adverse weather of the past seven weeks.”