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Midland Farmer - September 2023

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22 MIDLAND FARMER<br />

<strong>September</strong> <strong>2023</strong><br />

Coleman Livestock<br />

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‘Never too early’ to start<br />

succession planning- Macra<br />

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<strong>Farmer</strong>s have been called on to look to the<br />

future by Macra president Elaine Houlihan,<br />

who said that it is “never too early” to commence<br />

succession planning.<br />

Under the new Succession Planning Advice<br />

Grant (SPAG), farmers aged 60 years and above<br />

will be provided with a maximum payment of<br />

€1,500 to seek succession planning advice.<br />

Macra welcomed the launch of the new<br />

scheme which opened on 19 <strong>September</strong>, by<br />

Minister for Agriculture, Food and the Marine,<br />

Charlie McConalogue.<br />

While the payment of up to €1,500 is welcomed<br />

and will assist in generational renewal,<br />

the Macra president said it will “not on its own<br />

move the dial” from the current low percentage<br />

of young farmers.<br />

Speaking after the announcement, she said:<br />

“This is not the first time that financial incentives<br />

have been introduced to facilitate succession.<br />

We have the €5,000 tax credit available for<br />

succession partnerships since 2017.<br />

“We have approximately 280 financial supports<br />

available under CAP [Common Agricultural<br />

Policy], yet less than 7% of farmers are<br />

under the age of 35.<br />

“Given that over one third of all farmers are<br />

over the age of 65, it is imperative for the<br />

future of our industry that farmers engage<br />

with services such as the Land Mobility service,”<br />

Houlihan added.<br />

Macra continues to work with the Department<br />

of Agriculture, Food and the Marine<br />

(DAFM) and the government in the development<br />

of its succession scheme.<br />

The organisation’s succession scheme will<br />

“deliver significant change in Irish farming<br />

circles and will be a model for the rest of the<br />

EU to emulate”, Macra said.<br />

SUCCESSION GRANT SCHEME<br />

The new scheme with a maximum payment<br />

of €1,500 to help farmers seek succession planning<br />

advice, will cover up to half of vouched<br />

legal, accounting, and advisory costs.<br />

<strong>Farmer</strong>s aged 60 years or above must be<br />

farming a minimum of 3ha of land for at least<br />

two years prior to making their application.<br />

Applications will be open until the end of<br />

<strong>2023</strong>, with the first tranche payment being<br />

made in the first quarter (Q1) of 2024.<br />

An online information webinar for the new<br />

scheme is scheduled for 6 <strong>September</strong> at<br />

7:00p.m.<br />

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