The proclamation of a €100 million beef support package by a European Commission has been hugely welcomed by those in a beef sector; however, it has lifted some doubt also.
As was suggested by AgriLand on Wednesday night, a European Commission has concluded to a account of €50 million, while a Irish Government is also approaching to compare this figure – bringing a sum volume to €100 million.
AgriLand understands that a package will be co-funded by a Department of Agriculture, Food and a Marine – that will account €15 million – and a Department of Finance – that will account a remaining €35 million.
Details on how a support package will be allocated have nonetheless to be reliable though a Government source has sensitive AgriLand that “the appropriation contingency be delivered in a demeanour that does not crush a stream beef marketplace or cattle trade”.
Since a story broke, a series of farmers and run groups have welcomed a fund; however, some trust that €100 million could be put to improved use in an bid to “save a industry”.
One sold rancher said: “When a income is divided among all farmers who brought cattle to a bureau final year, they still won’t be happy – so because not use a income to rise an disdainful code for Irish beef?”
Stay tuned to AgriLand for some-more updates on this story…