Farmers welcome budget incentives

FARMERS have reacted positively to Finance Minister Michael Noonan’s unveiling of a series of measures aimed at encouraging the transfer of the family farm to the next generation.

Young farmers were delighted to see Mr Noonan introduce a 50% stock relief provision for all farm partnerships and a 100% stock relief for certain young, trained farmers entering farm partnerships.

Macra na Feirme president Alan Jagoe said: “The family farm model is highly efficient and farm partnerships play an important role in the support of this arrangement.”