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

The how will be in consultation with farm organisations. That will take place in the coming days and will be subject to approval by the Commission. The ambition will be to pay in 2019 at the earliest possible date. The funding is €50 million from the European Union and I have committed to match that funding from the Exchequer. The terms and conditions are what they are. I am convinced that we can live within them without an adverse impact on the beef sector. It is naive to suggest funds could come from the European Commission without terms and conditions. The precedent I quoted in respect of the dairy industry had a supply-reduction measure within it as well. I am satisfied that we can live within the terms and conditions as envisaged without any adverse impact on the Irish beef industry.

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