A €100m Brexit compensation fund for beef farmers has been secured.
Agreement on a €50m support package from the European Commission was agreed yesterday. It is understood the deal will see the Irish Government match this with €50m of State funding, to bring the total fund for beef farmers to €100m.
The details of the scheme will have to be worked out with the various farming organisations.
The funding package is based on an IFA submission to Minister for Agriculture Michael Creed and Commissioner Hogan that detailed losses of €101m by beef farmers.
Mayo Fine Gael Senator Michelle Mulherin told Midwest News this morning that she received confirmation of the funding from Commissioner Phil Hogan last night.