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22 MIDLAND FARMER<br />
<strong>September</strong> <strong>2023</strong><br />
Coleman Livestock<br />
WESTMEATH<br />
‘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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