AEOS payments to be issued into bank accounts from next week

Payments in the agri-environmental scheme known as AEOS 3 are to be issued directly to farmers’ bank accounts from next week, Agriculture Minister Simon Coveney announced yesterday.

Some 6,000 farmers were approved into the scheme, with a contract commencement date of May 1, 2013. Under European Union rules, detailed administrative checks had to be completed before the first payments could be issued.

Payments will issue in two tranches, a first installment of 75% of the amount due, followed by the remainder.