Lowering of cap on payments is bad news for larger farmers

This week’s programme for government brought bad news for hundreds of farmers who get an annual subsidy of more than €100,000 from the EU.

In the mid-term review of the CAP, the government will propose a lowering of the cap on basic payments from €150,000 to €100,000.

If approved, the 243 farmers who shared €32m in 2011 (averaging c€130,000 each) will lose out.