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Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: To summarise, what I can see happening is, due to the 30,000 ha Coillte will be rewetting, there will be a battle around the country for land. Coillte now has investment companies coming in that ordinary farmers will not be able to compete with. It is a sad day for those with average land in rural Ireland. Farmers who are trying to survive on it will not be able to do so because they will...

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: When did Coillte decide the strategy? How long is it on the go? Could Ms Hurley please give me a year?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Okay. When did Coillte make the Department of Agriculture, Food and the Marine and the Minister aware of what it was doing? Was it two years ago?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: The question I asked is when Coillte made the Minister aware of what it was doing.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Would the Minister have been aware Coillte was using investment funds two years ago? "Yes" or "No".

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: When?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Yes, but when?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Yes, but when was that, roughly?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Was it early on in the year?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I know that, but I am just asking a simple question. When did the Minister know?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: The question is when did the Minister know.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Who in the Department of Agriculture, Food and the Marine would Coillte have kept up to date?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I refer to the person rather than the Department.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Yes, I know, but who? We know them all.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: That is grand. That I all I wanted to know. Would the Department be aware of what was going on over the past year?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: That is perfect. I was looking at it for farmers. Am I right in saying that farmers who sow broadleaves get €28,000 over a ten-year period, including the planting?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: Where I am just a bit lost is in relation to the Coillte profits. What is going on? Is it correct that Coillte made a profit last year of €124 million?

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: I refer to the total profit.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: That is better still. What is the projected profit for this year, roughly speaking? I am not tying Ms Hurley down to €5 million or €10 million. I just want to know roughly.

Joint Oireachtas Committee on Agriculture, Food and the Marine: Forestry Strategic Vision: Coillte (13 Dec 2022)

Michael Fitzmaurice: When Coillte had everything paid, what did it have?

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