A 50 million euro support fund to support beef finishers has been launched.

About 42-thousand farmers will be eligible to apply for the money, which is capped at 100 euro per animal and 100 animals per farm.

While it won't compensate the industry for the entirety of it's losses during lockdown, it's hoped that it will stimulate activity in marts this autumn.

The Minister for Agriculture, Mayo’s Dara Calleary told Midwest News this morning that the money that will go to farmers will be spent in the community.

Applications for the new scheme open on August 19th.

The President of the Irish Farmers Association says finishers were losing around a thousand euro for every five slaughters during lockdown.

Tim Cullinane has welcomed the Government's cash injection

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