Oireachtas Joint and Select Committees

Wednesday, 26 October 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Vision for the Future of Irish Farming: Macra na Feirme

Mr. John Keane:

Yes. From a young farmer's point of view starting off, if you are going farming, the quickest return you are going to have on any investment is either on stock that you have on it, or investment in grassland. All of the research points to that. If you are doing it from a business point of view you are going to have to invest in that first to get a return, and at the same time you also have to become compliant in terms of storage and facilities. You have to put up a crush obviously for herd numbering and so forth. Initially there is a huge burst of money required to start off, get your stock, to bring your land up to speed, or God forbid, if you have to drain it, or if you have to reseed or whatever you have to do. That is where we feel the installation aid was an option under CAP. We did not avail of that either. Business start-up support can be given from a national Exchequer point of view. That can be offered for young farmers. We feel that is an obvious thing.