My Department is carefully considering all aspects of the CAP proposals in order to assess their potential impact on farmers. However, the final agreement on the CAP is dependent on the outcome of the trilogue process, which is still ongoing.
Until that process is concluded, we will not have certainty on the final shape of the CAP and so we cannot provide definitive answers on the funding that would be released by application of reduction of payments.
My Department has published some modelled scenarios (available at https://www.gov.ie/en/publication/f4561-cap-post-2020-direct-payments-modelling/) including the effects of capping at various levels which concludes that minimal funds are likely to be generated from even the most stringent application of capping.
I will continue to monitor the trilogue process to ensure the best possible outcome for Irish farmers. This is a key priority of mine.