The persons named established 49.65 Entitlement Allocation Rights with a total value of €13,545.45 and 65.67 Entitlement Allocation Rights with a total value of €28,400.81 including the Greening payment under the 2015 Basic Payment Scheme. The persons named formed a registered farm partnership, and submitted an application on behalf of the farm partnership under the 2015 Basic Payment Scheme.
A farm partnership is a legal business arrangement where two or more individuals come together combining their respective resources to achieve mutual benefits. Members of a farm partnership who own individual sets of entitlements receive a combined payment. It is therefore incumbent that my Department identifies and ensures that entitlements held are licensed for use in the partnership. Consequently, should the partnership dissolve the entitlements return to the relevant owners.
Payment of €31,824.32 has issued to the registered farm partnership. My Department accepted a late Transfer application to transfer the entitlements into the partnership. Processing of this application has recently been finalised, and balancing payment will issue to the nominated bank account of the Farm Partnership concerned in the coming days.