IFA plan aims to tackle barriers facing farmers

The comprehensive review of the taxation system for farming requires an understanding of the market and policy environment facing Irish agriculture and the major economic gain that will arise from achieving growth in agriculture.

The key objectives for IFA are maintaining tax reliefs; securing new tax incentives; examining how the taxation system can better accommodate the extreme volatility in farm incomes; and exploring how tax returns can be simplified.

IFA has proposed measures that would tackle two challenges — growing income volatility and barriers to lifetime farm transfers.