JHM Crops announce new funding structure for miscanthus growers
The Co Limerick company says the funding will guarantee an income from year one for growers.
Up to now, farmers had to wait for their first income from the first harvest, two or three years after planting.
JHM Crops want to significantly increase miscanthus acreage, and believe the funding from Bank of Ireland’s Green Fund will be the key to ramp up supply.
JHM Crops managing director Joe Hogan urged those interested in growing to apply to the Department of Agriculture for a bioenergy establishment grant before the January 19 deadline.
A company source said, “The farmer has no initial outlay, with 50% of the initial cost of establishment covered under the bioenergy scheme grant, and the other 50% under this new funding structure. The farmer will receive a minimum of €100 per acre from year one, until the crop is fully established and begins to produce additional income.”
JHM Crops Ltd plant and buy back miscanthus under contract from farmers.
