Oireachtas Joint and Select Committees
Wednesday, 13 December 2023
Joint Oireachtas Committee on Agriculture, Food and the Marine
Recent Reclassification of Beef Indexes: Discussion
Mr. Sean Coughlan:
To revert to Deputy Ring's question on potentially reversing or postponing the changes, one of the challenges there is that as soon as a change comes forward people will want to know the impact of it and how it will affect them. The reality is that either the indexes are published or they are not. Bad and all as it is now, it would create an even bigger vacuum of information if people do not know whether the indexes are going to be published or not. Then we would face into a breeding season next spring where people are buying or selling animals or making breeding decisions and they are operating in a vacuum. What is critical at all stages is that the buyer and seller in any transaction should have the same opportunity to know what the value of a bull or cow is. We do not want a situation where we release the indexes, take them back, and then some people have access to the indexes as they were, they know what they are going to be, they are selling on one index and a commercial farmer is potentially buying on another index. That is simply a recipe for carnage and is not what an independent evaluation unit should be doing.
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