Re­lief cap jeop­ardy warn­ing

Irish Examiner - Farming - - MACRA -

The in­tro­duc­tion of the €70,000 life­time cap on young farmer stamp duty and stock re­lief has the po­ten­tial to jeop­ar­dise young farm­ers’ plans, ac­cord­ing to Macra pres­i­dent James Healy. Speak­ing at a Brexit and fod­der event in Mal­low, Healy said that on bud­get day, Macra were very happy to see the con­tin­u­a­tion of the young farmer stamp duty re­lief and stock re­lief for an­other three years. How­ever, Healy said he “had a mini-heart at­tack” when he no­ticed the in­tro­duc­tion of the cap in the Fi­nance Bill.

“I think it put an aw­ful of plans that young farm­ers had made in jeop­ardy, this has the ca­pac­ity to put a lot of young farm­ers in jeop­ardy with their lenders as well” he said. Also at the Brexit and fod­der event in Mal­low, Healy ad­dressed ne­go­ti­a­tions for the forth­com­ing CAP 2020. He said the def­i­ni­tion of a gen­uine young farmer needs to be dis­cussed, and said Macra will seek to en­sure the young farmer who is tak­ing the risk, calv­ing the cow, or milk­ing, will ben­e­fit from CAP money.

The Macra pres­i­dent urged young farm­ers to at­tend up­com­ing CAP re­form con­sul­ta­tion meet­ings, in or­der to help Macra de­sign poli­cies that young farm­ers will ben­e­fit from.

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