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

The Deputy made reference to the crisis that occurred on some individual farms due to the prolonged period of bad weather and fodder shortages. The Department's response was appropriate and measured at all times, given what was a dynamic and changing situation. We have also introduced a widely availed of €150 million loan scheme at an interest rate of 2.59%. We are developing a further financial product accessible by and geared to the investment needs of farmers and fishermen. We also have to recognise the particular disadvantage of farmers eligible for the areas of natural constraint, ANC, scheme payments. We have provided an additional €25 million in 2018 for payments that will be targeted specifically at those who suffer the most disadvantage in respect of ANC classification.

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