THE 2020 Committee recognises that farmers and fishermen have taken the brunt of a dramatic fall in returns, due to the effects of currency fluctuations and a recessionary trading environment in our key food and drink export markets.
The disparity between their cost of production and remuneration is seen as a critical issue.
Farmers need to expand, and improve productivity and marketing, said the committee.
Farm restructuring must be accelerated, through specific targeting of government measures towards competitiveness and viability, and through addressing farm fragmentation (with, for example, roll-over relief for land sales). Any remaining obstacles to partnership formation or other new models of farming, or impediments to land mobility, should be removed by the Government.
The limited funding in supports should be targeted at farmers with the best potential for growth and competitiveness.
Tax and policy incentives for long-term land leasing, agricultural relief, retirement reliefs, stamp duty and stocking reliefs should be maintained.
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