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

I thank the Minister. Many farmers have a very simple question and he knows what it is, that is, whether loan funding will be available to match the grants available under TAMS, for example, which is a capital investment scheme. Younger farmers, in particular, might find the interest rates of the current products available from financial institutions rather burdensome. Will the Minister indicate whether a three-month timescale is involved, allowing for the fact that Europe closes for August? Will funds not be available until 2016 to farmers under TAMS, for example? Will he indicate the interest rates involved? Will they be 3%, 4% or 5%? What will be the maximum loan periods? These are crucial questions on which people would like some indication at this stage.

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