CAP budget set to increase next year
THE Minister for Agriculture, Food and the Marine, Michael Creed T.D., has welcomed the announcement by the European Commission of an increased CAP budget for the period 2021-2027 in the revised European Multiannual Financial Framework accompanying the new European Recovery Programme.
Speaking after the announcement, Minister Creed said: ‘From an agriculture point of view, the proposal to increase CAP funding announced by President von der Leyen has to be regarded as a significant advance on the original Commission MFF proposal of May 2018, and is to be welcomed.’
The revised proposal for the CAP sees additional funding being added to bring funding levels to some €375 billion (current prices), with a further special injection of rural development funds – some €16.5 billion – from the new Next Generation EU fund, bringing the total allocation to €391 billion for the period 2021-2027.
The Minister added: ‘It is no secret that I have been completely opposed to the original Commission proposal for the CAP budget which was announced back in May 2018.
‘Since then I have worked with European colleagues to build a broad alliance to support the maintenance of the CAP budget. These are complex proposals of course and they will require the approval of all member states.
‘Furthermore, their implications extend well beyond agriculture, and will have to be examined in great detail to fully assess their impact, However, I am satisfied that this proposal represents an important recognition that farmers have to be provided with reasonable support through the next seven-year period.’
SHEEP SALES - JUNE 2: A similar sale to last week with all classes remaining largely unchanged.
Spring lambs €112 to €125 or €70 to €80; Fat Hoggets €110 to €126 or €63 to €73; Fat ewes €110 to €120; store ewes €60 to €105 ewes with lambs at foot €140 to €240.
CATTLE SALES - JUNE 4: Similar sale to last week with trade largely unchanged.
Beef bullocks over 600kg, €550 to €700; forward store bullocks over 500kg, €450 to €660; store bullock over 400kg, €420 to €550; store bullocks over 300kg, €480 to €600; beef heifers over 500kg, €550 to €650; store heifers over 400kg, €420 to €560 over €/kg.
CALF SALE - MAY 29: 225 Calves on offer meet a strong export & farmer demand leading to a full clearance.
Continental bulls €220 to €410; Continental heifers €160 to €355; Hd / Aa bulls €172 to €330; Hd/Aa heifers €130 to €260; Friesian bulls €47 to €178.
DRY COW AND SUCKLER SALE - MAY 29: 250 head on offer saw Friesian Cows sum what ease in prices while heavy continental cows were a superb trade driven by Northern Ireland demand.
Friesian store cows €480 to €830 €1.05 to €1.40/kg. Friesian Beef cows €850 to €1,230 €1.33 to €1.47/kg. Continental store cows €700 to €1,050 €1.35 to €1.82/kg. Continental Beef cows €1,150 to €1,540 €1.60 to €2.23/kg.
Prices: 1 Ptx 688kg @ €1,520, 3Ch 855kg @€1,220, 5Fr 665kg @ €990, 2 Friesian 830kg @ €1,220, 4Fr 770kg @ €1,090, 2Fr 594kg @ €750, 2Fr 440kg @ €480, 4Fr475kg @€550, 1Lm 744kg @ €1,380.
CATTLE SALE - MAY 30: Another large entry of 830 head on offer saw beef & forward cattle improved with strong Northern Ireland demand. Lighter store cattle were easier in prices with less farmer buyers active. Bull weanlings sold up to €3.33/ kg with exporter demand very strong for U & E grades. Prices as follows. Heifers: 1 Belgian Blue 422kg @ €1,120, 3 AA 474kg @ €890, 6 AA 520kg @ €1,020, 2 Lm 463kg @ €1,090, 5 Lm 397kg @ €850, 2 Ch 290kg @ €750, 2 Ch 542kg @ €1,250, 2 Lm 532kg @ €1,110, 1 Lm, 702kg @ €1,510, 1 Lm 702kg @ €1,510, 6 Hd 357kg @ €690, 5 Aa 374Kg @ €700, 3 Lm 666Kg @ €1,410.
Bullocks: 7 Lm 658kg @ €1,460, 5 Lm 650kg @ €1,420, 2 Lm 730kg @ €1,620, 2 Ch 734kg @ €1,670, 2 Lm 622kg @ €1,380, 3 Lm 303Kg @ €640, 4 Lm 516kg @ €1,170, 3 Ch 481kg @€1,180, 2 Ch 499kg @ €1,150, 1 Belgian Blue 488kg @€1,210, 1 Lm 636kg @ €1,410, 3 Lm 530kg @ €1,010, 3Hd 606Kg @ €1,120, 6 Hd 639Kg @ €1,180.
Bull: 1 Belgian Blue 360kg @ €1,200, 1 Lm 450Kg @ €1,270, 1 Belgian Blue 458Kg @ €1,120, 2 Ch 389Kg @ €860, 2 Ch 285kg @ €860, 2 Ch 285kg @ €750, 1 Lm 394kg @ €1,190, 1 Lm 566kg @ €1,200, 4 Ch 316kg @ €76.0