Oireachtas Joint and Select Committees

Wednesday, 15 January 2014

Joint Oireachtas Committee on Agriculture, Food and the Marine

Forestry Bill 2013: Irish Timber Council and IFFPA

1:30 pm

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

If one is a business person, one may have made millions of euro. However, if one is taking over a new factory tomorrow - let us forget about the millions of euro - the question is whether that factory will make money. Somebody may suggest that as one has already made millions of euro, one might as well use it to keep the jobs in that useless factory that is going to lose money. The business person will say that it does not matter how much he makes, but he must make money. It is clear from Coillte's balance sheet it does not have a huge amount. The question that Coillte will logically put to us is that if it plants 100 acres, will it make money on it? Its argument is that it will not make money on it because the individual who is getting a large grant from the State, that is, the taxpayer, is at a huge advantage in respect of every 100 acres that come on the market for planting.

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