Officials also explored the possibility of a revamped 'home renovation' incentive. 

Farmer partnerships have become more viable than ever, with proposals in the recent budget to introduce a tax credit of up to €5,000 per annum for five years.

Agriculture Minister Simon Coveney said Tuesday’s Budget measures such as a new self-employed tax credit of €550, and USC reductions, will mean over €800 in additional net income, or 3.5%, based on the average 2014 National Farm Survey family farm income of €26,974.