Over four thousand farmers in the county will collectively be paid over twenty one million euro in single farm payments ahead of the festive season.
Over €21 million in Single Farm Payment will begin arriving into the bank accounts of 7,023 farmers in the county this week from December 1.
The cash injection will come as a welcome boost and will help farmers plan for the period ahead, Mairead McGuinness, Fine Gael MEP and Vice President of the European Parliament said: “This also represents a wider economic benefit for the county since much of it will be spent on feedstuffs and other supplies, as well as in local shops.”
She said that the cash injection will have a beneficial ripple effect that will prove positive for the community.
She said: “This ripple effect of economic activity is important. In this regard the latest figures from the Central Statistics Office indicating that unemployment has dropped to just over 11 per cent and that the rate of job creation has accelerated is good news.”
She added that there was no room in complacency and that there is much work needed to be done to ensure economic recovery.
“However, there is no room for complacency. There is a long way to go and work must continue to ensure that economic recovery continues and stretches into every region of the country,” she said.
Ms McGuinness said the Single Farm Payment is a European payment that recognises the value of the family farming model and recognises the environmental good that farmers bring to their regions and their communities by working the land.
“Reform of the Common Agriculture Policy has been completed and will be implemented over the coming months,” she said.
She added that she will fight valiantly to ensure the CAP budget reforms is secured in continued support of farmers: “However budgetary pressures remain a concern and I will be fighting tooth and nail to ensure that the CAP budget is secure and that the much needed support payments continue to Irish farmers,” she said.
The Single Farm Payment Scheme (SFPS), introduced by EC Council Regulation from January, 1, 2005.