Fianna Fáil Deputy for Longford-Westmeath, Robert Troy, says farmers will face increased cashflow problems as a result of serious delays in Rural Development Programme payments.
New figures released to Deputy Troy reveal that only 52 per cent of this year’s budget allocation has been paid out, something he feels will result in “serious financial hardship” for farmers across the country.
“It’s particularly worrying that less than 4 per cent of GLAS payments have been made,” Deputy Troy said. “The Government failed to allocate the level of funding that it originally promised for this scheme, and now it’s failing to pay out. This is a completely unacceptable situation.”
Deputy Troy noted that payments under TAMS and the Beef Genomics Scheme are also seriously behind schedule, something which will add to the pinch experienced by small family farmers.
“Many farmers have had to take out loans to keep their businesses going while they wait for their payments to come through, and these delays will exacerbate an already difficult situation,” he said. “Farmers should not have to rely on banks and other financial institutions to cover the cost of works, which these agri-schemes cover. This is creating a major cashflow crisis, which is completely preventable.
“This has been a very difficult year for farmers, and these underspends and delayed payments are making a bad situation worse. I am urging Minister Creed to ensure that these payments are forthcoming this month and that farmers are not left in the lurch.”