Written answers
Thursday, 10 July 2008
Department of Agriculture and Food
Grant Payments
4:00 pm
Michael Creed (Cork North West, Fine Gael)
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Question 544: To ask the Minister for Agriculture, Fisheries and Food the progress made in relation to the programme for Government proposal to continue to offer a range of supports to young farmers entering agriculture, including education, taxation measures and direct start-up aid; and if he will make a statement on the matter. [28598/08]
Brendan Smith (Cavan-Monaghan, Fianna Fail)
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A significant number of measures are in place to encourage the entry of young people in farming. These measures are aimed at supporting the early transfer of farms and relieving set-up costs. They include:
The Young Farmers' Installation Scheme introduced in June 2007 which provides a grant of €15,000 for young trained farmers (57% higher than previous rate);
100% stamp duty relief on transfers of agricultural land and buildings to young trained farmers;
100% stamp duty relief on land purchased by young trained farmers;
100% stock relief for four years for young trained farmers;
90% agricultural relief from Capital Acquisitions Tax;
New entrants to farming may also benefit from the National Reserve measures within the Single Payment Scheme, which includes a category that allocates entitlements to new entrants.
In addition, Teagasc runs a series of training and educational schemes targeted specifically at young farmers.
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