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Minister Creed: Beef producers will benefit after new bonuses

Christian Fernsby |
The Minister for Agriculture Food and Marine, Michael Creed TD, announced that agreement had been reached between Meat Industry Representatives and Farm Organisations (IFA,ICMSA,ICSA, Macra na Feirme, INHFA, the Beef Plan Movement and Independent Farmers) on a two strand agreement for the reform of the Irish Beef Sector.

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Topics: CREED    BEEF   

The Agreeement involves a number of interventions which will provide immediate benefit for beef producers, as well as a range of strategic measures which seek to to address structural imbalances in the sector.

Confirming details of the Agreement the Minister said “beef producers will benefit from an increase in a range of bonuses, including

- an increase of 66% in the current in-spec bonus for steers and heifers from 12c/kg to 20c/kg;

- the introduction of a new bonus of 8c/kg for steers and heifers aged between 30 to 36 months, which meet all non-age related existing in-spec criteria, and which up to now have not received any bonus;

- as well as the introduction of a number of new bonuses and reforms."

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