Applications can now be made for funding via the one-off Pig Exceptional Payment Scheme (PEPS). Minister for Agriculture Charlie McConalogue this week announced that pig farmers can apply for between €3,000 and €20,000.
The notification sees some €7m worth of funding allocated to the Department of Agriculture by the national exchequer to cover the scheme. It is hoped that this will compensate farmers for the unprecedented drop in margins that have seen farmers losing more than €35 per pig.
“The scheme is an urgent emergency response to allow pig farmers to plan for an adjustment to the new market situation. We will seek to issue payments as rapidly as possible,” said Minister McConalogue.
“Irish pig farmers, alongside others across the EU, are currently facing a combination of low prices and extraordinarily high input costs. This is why I have moved to put the Pig Exceptional Payment Scheme in place and I am thankful to my cabinet colleagues for approving the funding,” he added.
The scheme is open to applications until Sunday, 20 March, 2022.
For more information, see here.
LSL News.