Michael Creed (Cork North West, Fine Gael)
Link to this: Individually | In context

Question 471: To ask the Minister for Agriculture, Fisheries and Food the outcome of his negotiations with the banks regarding interest paid by farmers on outstanding loans taken out to finance works under the farm waste management scheme; the concessions which he has secured from the banks regarding this issue; the individual banks involved; and if he will make a statement on the matter. [10037/09]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
Link to this: Individually | In context

The financial arrangements in respect of any loans taken out by farmers for the purposes of carrying out investments under the Farm Waste Management Scheme are entirely a matter between the individual farmers and financial institutions concerned.

However, I have announced that a special ex-gratia payment not exceeding 3.5 per cent of the value of the deferred payments under the Scheme will be made to farmers whose grants have been partially deferred. This payment will be made in January 2011 along with the final instalment.