04 Oct 2022

Farmers to receive Basic Payment Scheme Refund

Refunds will total more than €13.35 million

Charlie McConalogue Dail

Farmers to receive Basic Payment Scheme Refund

Approximately 100,000 farmers are set to receive Basic Payment Scheme Refunds.

The refunds will total more than €13.35 million and will commence today (Monday).

The money was deducted from their 2019 Basic Payment Scheme (BPS) payments under the Financial Discipline rule and is now being reimbursed in line with the EU regulations.

Commenting on the refund, Minister McConalogue said: "I am pleased to confirm that these payments are now being reimbursed to eligible farmers."

"These payments will bring the total paid to Irish farmers under the 2019 Basic Payment Scheme to over €1.194 billion."

In the context of the annual budgetary procedure of the European Union, the financial discipline mechanism which is implemented by the Member States involves a monetary deduction (1.4% for the 2019 reduction) from some direct payments thereby creating a financial Crisis Reserve for the European Union.

The crisis reserve is intended to provide additional support for the agricultural sector in the case of major crises affecting agricultural production or distribution. In the event that the Crisis Reserve is not activated in the financial year, or it is not fully utilised, the unused balance is refunded to farmers in the subsequent financial year.

To continue reading this article,
please subscribe and support local journalism!

Subscribing will allow you access to all of our premium content and archived articles.


To continue reading this article for FREE,
please kindly register and/or log in.

Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.