28/06/2016

BPS Payments Underway With Work On 2016 Allowance Beginning

The final installment of payments under the 2015 Basic Payment Scheme (BPS) and Greeningis now underway, the Minister for Agriculture, Food and the Marive, Michael Creed, has announced.

Under the 2015 BPS, the final balancing payment will amount to in excess of €33 million.

"The rollout of the final balancing payments brings the total paid under the Basic Payment Scheme to some €1.2 billion and over 126,000 farmers have received payment to date. Taken together with payments under the Areas of Natural Constraints Scheme, this represents a total of over €1.4 billion in direct payments to farmers since last September," Minister Creed said.

"This is a very significant financial boost for both individual farmers and the wider rural economy, and represents an important investment in the continued growth of our Agri-food sector."

Turning to the 2016 BPS, Minister Creed confirmed that "work is currently underway in my Department in relation to the processing of advance and full balancing payments in October and December for the 2016 BPS."

(MH/CD)

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