The Irish Government has announced €100m of funding for beef farmers in preparation for potential volatility and uncertainty in the market after Brexit.

The Beef Exceptional Aid Measure (BEAM) announced by the Minister for Agriculture, Food and the Marine Michael Creed, will be funded by a combination of EU exceptional aid and Exchequer support.

In order to benefit from the funding, farmers need to meet certain eligibility criteria.

Eligible farmers will be entitled to receive €100 per animal slaughtered between 24 September 2018 and 12 May 2019, covering up to a maximum of 100 animals per herd.

The government noted that animals belonging to the slaughterhouse establishments, as well as dealers or agents, are not eligible for the aid.

The aid will not be offered to dairy herds unless they have less than 40 dairy cows.

As part of the initiative, the government will also provide payment of €40 for suckler cows that calved in 2018, with a maximum limit of 40 suckler cows.

Creed said: “There has been a prolonged and exceptional period of depressed prices since last autumn, with the ongoing uncertainty surrounding the outcome of Brexit, among other factors, contributing to this market disturbance.

“The availability of this EU and Exchequer support, together with the Beef Environmental Efficiency Pilot (BEEP) introduced earlier this year, provides an injection of up to €120m in aid for the beef sector in 2019.”

Creed further added that the scheme aims to provide financial aid to farmers most affected by the outcome of Brexit.

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