Tuesday, 8 October 2019
Financial Resolutions - Budget Statement 2020
-----in increasingly diverse areas.
Extension of relief for farm restructuring
As such, and subject to state aid approval, I am extending the farm restructuring relief, introduced in budget 2013, to the end of 2022, with no change to the conditions of the relief.
AGRICULTURE AND RURAL DEVELOPMENT
Agriculture and rural development are cornerstones of our economy. They support so many thousands of jobs. However, the challenges facing our rural economy, such as Brexit, changes in the global economy and climate change, will require change over time. This is why the Government is investing nearly €2 billion in rural Ireland in 2020. This includes an additional €51 million for the Department of Agriculture, Food and the Marine and €17 million for the Department of Rural and Community Development. Within this, I am allocating €3 million to pilot new agri-environmental schemes in 2020. The schemes will help to reduce emissions from the sector while improving biodiversity and water quality and supporting farm incomes.