Jackie Cahill (Tipperary, Fianna Fail) | Oireachtas source

I understand that the €25 million is just a lever and I also understand how it worked in 2017. The month of May is approaching and the Minister has still given no commitment as to when the money from this scheme will become available. There is a serious cashflow crisis in all sectors. The horticulture sector suffered extreme difficulties with frost, wind and extreme rain during the winter months. Tillage farmers suffered hugely and we have debated providing assistance to them a number of times in the past six to 12 months. It is the same with the dairy and dry suckler sectors. There is huge pressure for working capital. Farmers are extremely anxious to know when the money will be made available. The Minister's reply was extremely vague. On the previous occasion, this was given over 100% to the main banks. Some of those who needed funding most did not receive it. There has to be Government intervention this time in order to ensure that those who are strapped for cash and under extreme pressure for credit are able to avail of these low-cost loans. The Minister referred to an interest rate of 4% for businesses. On the previous occasion, the rate was 2.95% and this should be maintained for farmers.

We are receiving numerous requests that fodder scheme announced by the Minister be extended in view of the fact that poor weather conditions and poor growth continue to obtain. I ask him to consider extending the date for the fodder scheme.

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