The Young Farmers Scheme was introduced in 2015 as a measure to support young farmers under the reformed Common Agricultural Policy. Ireland has allocated 2% of the national ceiling to the Scheme each year from 2015 to 2019. Payments under the 2016 Young Farmers Scheme are due to issue after payment of the Basic Payment Scheme balancing payment on 1 December 2016.
The following table sets out the total budget allocation for each year 2015-2019 for the Young Farmers Scheme and details of the amount paid under the Scheme for 2015.
Year
|
Annual National Ceiling 2015-2019
|
YFS fund - 2% of National Ceiling
|
Total Paid under YFS
|
2015
|
€1,215,003,000.00
|
€24,300,000.00
|
€18,774,796.09
|
2016
|
€1,213,470,000.00
|
€24,269,400.00
|
Payments commencing early December 2016
|
2017
|
€1,211,899,000.00
|
€24,237,980.00
|
N/A
|
2018
|
€1,211,482,000.00
|
€24,229,640.00
|
N/A
|
2019
|
€1,211,066,000.00
|
€24,221,320.00
|
N/A
|