Michael Creed (Cork North West, Fine Gael) | Oireachtas source

I am satisfied that this will be a really good scheme. The Central Bank reported that the cost of credit in the first quarter of 2016 was significantly out of kilter with our EU counterparts. That is a significant input cost. This scheme is a response to that and it also addresses some Brexit-related challenges.

I am somewhat taken aback by the volte-facefrom the Opposition benches. Two weeks ago certain Deputies - not Deputy Cahill - more or less rubbished the scheme as offering nothing to farmers.

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