FDBusiness.com

The Irish Government has introduced the new TAMS II Dairy Equipment Scheme which is the second of the new Targeted Modernisation Schemes (TAMS II) to be launched under the new Rural Development Programme 2014-2020. The Scheme is co-funded by the European Agricultural Fund for Rural Development (EAFRD).

The Scheme is open to all farmers who meet the general eligibility criteria, offering a standard rate of aid of 40%. An indicative allocation of €50 million is being made available under the terms of this Scheme over the full RDP period. The total allocation for the various on farm investment Schemes planned under TAMS II, including the Dairy Equipment Scheme, is €395 million over the course of the programme.

The Minister for Agriculture, Food and the Marine, Simon Coveney TD comments: “This very important Scheme which will directly support the development of modern and forward-looking dairy-enterprises on farms across the country. I want to ensure that farmers have access to the most up-to-date technology to enable them compete in the modern dairy sector and to bring the highest quality product to market.”