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Nothing in Budget 2016 for the small farmer – Ferris

13 October, 2015 - by Martin Ferris TD

Speaking after the budget announcement today, Sinn Féin Agriculture Spokesperson Martin Ferris TD said he was disappointed that there was nothing there for the small farmer who is struggling.

Deputy Ferris said:

“We had hoped, and so we had proposed in Sinn Fein pre-Budget submission, that Farm Assist be restored to pre-2013 levels in terms of assessment of means and income deductions in respect of children.

“We also proposed additional places in the Rural Social Scheme by 20%. These were not introduced by government.

“While some of the measures announced, such as Capital Gains Tax and Stamp Duty exemptions for young farmers being extended beyond next year, are to be welcomed. There is precious little from this government for the small farmer who is struggling.

“It is only what we have come to expect. We notice that the USC reduction of 0.5% will apply to most small farmers who earn less than the lower limit, while the bigger farmers will benefit to the tune of 2.5% on incomes up to €70,044.” 

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