Livestock levy probe demanded
They want the amount clarified, and full transparency on operation of the insurance cover, including how much is paid out to farmers and where the balance of the money goes. It was estimated at a recent meeting of Limerick IFA that farmers pay €6 million annually for insurance on the livestock they sell to meat factories.
A motion from the Shanagolden branch suggested that any money from the insurance levy which is not paid out to farmers should be put into a fund for bonding payments to farmers for livestock, to safeguard them in the event of a factory going out of business while owing money to farmers.
