€50m to soften Covid-19 blow for beef finishers

The scheme received cabinet approval this week.

Following Strict New measures of Covid19 two meter distances and fewer buyers allowed to participate in the auctions at Monday’s weekly sale of calves and weanlings, introduced at Castleisland Mart on Monday 8th June, following the opening of Phase 2 Government guidelines. Castleisland Mart also introduced Mart Eye technology to allow it to expand its sales to a broader client base. Photo: Valerie O’Sullivan

Reduced beef cattle prices and a 15 to 20% per cent reduction in beef processing in late March, April, and May, have prompted Agriculture Minister Michael Creed to announce a €50 million support scheme for beef finishing farms.