Written Answers. - Lack of Farm Investment.

Brian Cowen


49 Mr. Cowen asked the Minister for Agriculture, Food and Forestry the plans, if any, he has to address the lack of investment on farms. [1857/96]

In 1995 a total of almost £52 million was paid out in grant aid for farm development schemes as against £35.5 in 1994. This represents an increase of over £16 million. Measures under the Operational Programme for Agriculture Rural Development and Forestry 1994-99 are making a significant contribution towards achieving increased levels of investment on farms. Over the remaining years of the programme the projected public expenditure is £155 million. The gross investment over the period of the programme is anticipated to be some £500 million.