Results 2,341-2,360 of 6,295 for speaker:Michael D'Arcy

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: The Minister said AIB has allocated all of its funding. Has he requested an analysis in respect of how many people were refused? If he does not have that information, I believe he should get it and give it to the committee as quickly as possible. It is also important that we find out how many people were refused by SBCI and how many did not meet the criteria, given that there were...

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: There was a form to be sent to SBCI and it was to sanction the bank to go ahead with the application. I am pretty sure there was. We need to do as much analysis as we can. There is no point having the analysis in four months' time.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: There is no drawdown if a person is refused.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: We need to find out now how many people have been refused.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: To clarify, we all know it is an unsecured loan, and that is in the terms and conditions. However, there are farmers getting much greater loans at much higher interest rates for machinery, and with one quarter of the paperwork and effort that is going into this loans process from the same banks. Somebody has complicated this nicely in order for the banks to benefit.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: The Minister is misunderstanding me. What I am saying is that the banks have made it overburdensome.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: In all likelihood, what would have happened is that they took a figure of three years and decided that would be the average term for the loans. Every 1% subsidy the banks get paid, and this is how it would have happened going back to the 1980s and 1990s, is €1.5 million, so instead of it being 2.9% it should be 5.9%. That 3% is close to €5 million per annum. That is where the...

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: I might not be here for the banks' representatives. I spent two years in this room and I do not know-----

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: This is a subject that is a little raw for me at the moment. In terms of plant, I am using this example to make a general plea and I ask the Chairman to allow me some scope in that regard. The usage of quads on farms is becoming very dangerous. The number of people killed or paralysed per annum is far too high. I spoke to a health and safety specialist who made the valid point that if...

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: What about my question on quads?

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: That has to stop.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: Just to clarify, the outstanding TAMS claims - 5,000 plus or whatever number it is - are open-ended. Is that correct?

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: The Minister said in his speech there would be an increase of €1.6 million for Bord Bia. The actual document states that it is €2 million. We are in the territory of a 6% increase, which is not sufficient for Bord Bia's needs. Without the potential of food tariffs being applied in 2019, a standard increase might be fair enough. However, with the value of our exports to the...

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: Five or six months ago the expectation was that the worst-case scenario would be World Trade Organization tariffs, if the EU and UK did not come to a position 24 months after Brexit is triggered at the end of the month. Prior to the November speech by the British Prime Minister, Mrs. May, nobody expected the UK to leave the customs Union and the Single Market. That was certainly unexpected....

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: Has the possibility of a trade war been analysed?

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: No, I am talking about a trade war. I am not talking about WTO tariffs.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: I suggest the potential exists for a trade war to erupt between the EU and Britain. I am not talking about WTO tariffs.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: Correct, but there is a scenario in which there might be a trade war beyond tariffs.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: That is not what I am asking about.

Select Committee on Agriculture, Food and the Marine: Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised) (21 Mar 2017)

Michael D'Arcy: The Minister has said that data on a potential trade war is available. Can he make the worst-case scenario data from the Department, Bord Bia and other relevant parties available? In the event of a trade war, our products would be prevented from going in at all. That is the worst-case scenario. I have not seen any research on that. To my knowledge, nobody has done such research. If it...