Budget 2020 will do little to reassure farmers that their incomes will be protected should the UK crash out of the EU. Just three weeks away from what many now fear could be a chaotic no-deal Brexit, farmers had a legitimate expectation that budget 2020 would provide a detailed plan as to how the viability of their sector would be protected. Instead, what they got from Minister for Finance Paschal Donohoe was simply more comforting words.
As we report, in the event of a no-deal Brexit, €650m will be made available to agriculture, enterprise and tourism. Within this, an initial €220m would be released in the immediate aftermath of a no-deal Brexit. Agriculture is set to receive €110m, with €85m going directly to beef farmers.