Draft details of the €50m EU beef fund have been revealed from the European Commission, which state that the measures taken by Ireland will be aimed at reducing production as part of the scheme. Draft details of the €50m EU beef fund have been revealed from the European Commission, which state that the measures taken by Ireland will be aimed at reducing production as part of the scheme. Under the draft details it says EU aid of €50,000 will be available to Ireland to provide exceptional adjustment aid to farmers in the beef and veal sector subject to conditions. These, conditions, the document states will be available through measures that are aimed at reducing production or restructuring the beef and veal sector, along with at least one of three others conditions set out. “This Brexit beef fund is for retrospective beef price losses that farmers have already incurred.

Source: Irish Independent June 07, 2019 11:08 UTC