Carol Nolan (Offaly, Independent)
Link to this: Individually | In context

744. To ask the Minister for Agriculture, Food and the Marine to revisit proposals from the Teagasc Pig Department regarding income smoothing measures, such as those based on the Australian model; and if he will make a statement on the matter. [51380/25]

Martin Heydon (Kildare South, Fine Gael)
Link to this: Individually | In context

The continued development of the pigmeat sector is a priority for my Department, given the pivotal role the industry plays in the national economic context. The sector generates substantial revenue and employment opportunities in rural areas, playing a crucial role in sustaining local economies.

I am aware of the work carried out by the Teagasc Pig Department in examining potential measures to address income volatility in the pig sector. Income volatility is experienced across many farming sectors.

A number of income volatility measures have been proposed over the years by different groups and have been assessed in the Irish context which includes the Common Agricultural Policy (CAP). My officials have and will continue to engage with relevant stakeholders in examining such proposals.

There are a number of existing measures aimed at reducing risk and dealing with crises in the market. Currently, income volatility for farmers is addressed in the income tax system through “income averaging”. There have been a number of changes made to improve that system in recent years including an adjustment allowing for an opt-out in an exceptional year e.g. in a year of lower commodity prices when cashflow is reduced.

My Department continues to engage with Teagasc and industry stakeholders on a wide range of issues affecting the pig sector, including financial resilience and long term sustainability. By addressing challenges collaboratively and capitalising on opportunities, the sector can continue to thrive and contribute significantly to Ireland's agricultural and economic landscape.