Some €45.7m in Targeted Agricultural Modernisation Scheme (TAMS II) approvals has expired, the Irish Farmers Journal can reveal.

Over 4,000 farmers received approvals under the scheme, but did not draw down the money before the approval expired.

The top five schemes where approvals have expired are the Animal Welfare and Nutrient Storage Scheme, the Dairy Equipment Scheme, the Low-Emission Slurry Spreading Equipment Scheme, the Young Farmers’ Capital Investment Scheme and the Tillage Capital Investment Scheme.

The total budget allocated under the TAMS II is €395m and a Department of Agriculture spokesperson said unclaimed funds are factored into the estimates process and are included in overall TAMS expenditure.

“To date, total expenditure under TAMS, including transitional expenditure, has exceeded €185m and payments continue to issue at an average rate of €1.5m per week.

“There are some 12,000 approved applications with farmers who have yet to submit payment claims.

“Until such time as these approvals are acted upon or expire, the budget for TAMS must include provision for the potential expenditure involved.

“Current estimates indicate that the total budget available will be fully spent,” the spokesperson said.

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