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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?

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

Michael Fitzmaurice: Lovely. What does Ms Hurley think it will be this year? I mean roughly. I am not tying her down.

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

Michael Fitzmaurice: Would it be more than €100 million? That is all I am asking.

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

Michael Fitzmaurice: That is okay. I am not trying to catch Ms Hurley out. What I am trying to establish is if we are looking at 3,500 ha a year, why is Coillte not buying it itself? I have done the figures at a fairly high rate. Coillte would be giving a good price for land and a fund of €30 million. Why is it that it has not gone down that road? What is the game? Are the investment funds that...

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

Michael Fitzmaurice: How much is the reforestation cost?

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

Michael Fitzmaurice: We still have €77 million.

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

Michael Fitzmaurice: I do not know what sort of accountants Coillte has and will put the following to Ms Hurley, as the head of Coillte. If I has 100 acres of land and 25 acres of land came up for sale back the road from me, I would have a fair go at it and someone would give me the money somewhere. Coillte has 440,000 ha of land around the country yet it is not fit to invest in less than a quarter of that,...

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

Michael Fitzmaurice: I can answer the Chairman. A faceless investment company will buy the land in the community in opposition to farmers so that Coillte will not get a bad name for doing so. That is the game that is going on.

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

Michael Fitzmaurice: Before any deal is done and before anything is signed and delivered, there is an onus on Coillte to meet this committee and the Minister. I make that suggestion because I fear there is a different skin in the game. The single farm payment has been changed. At one time you needed a portion of your land clean. If there are payments on land that is bought, will the vulture fund draw on it?...

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

Michael Fitzmaurice: Coillte has 440,000 ha and we are talking about 100,000 ha more. Coillte has 33 wetlands in its arse pocket that it could sell to either the National Parks and Wildlife Service or some other entity of the State because otherwise this land is going out of the equation.

Ceisteanna ó Cheannairí - Leaders' Questions (7 Dec 2022)

Michael Fitzmaurice: The Taoiseach is well aware of the housing situation and the construction sector around the country. There is a dire need to get work done and to get houses built. I know the Government is bringing Bills forward in the coming weeks. Regarding the construction sector, I acknowledge the Minister, Deputy McGrath, revised figures for what we would call Government jobs that contractors would...

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