Holly Cairns
Ceist:904. Deputy Holly Cairns asked the Minister for Agriculture, Food and the Marine if Teagasc is classified as a non-profit body; and if so, if the criteria for the classification will be provided. [24160/20]
Amharc ar fhreagraTuesday, 15 September 2020
Ceisteanna (904)
Freagraí scríofa
Teagasc is a non-commercial state body established under Section 3 of the Agriculture (Research, Training and Advice) Act 1988, to perform the functions conferred on it by this Act in relation to the provision of research, advisory and training services to the agriculture and food sector. Its mission is to support science-based innovation in the agri-food sector and the broader bioeconomy that will underpin profitability, competitiveness and sustainability.
As a public body, Teagasc is mainly state funded with the majority of funding coming from exchequer Grant in Aid. It also generates own income from the provision of research, advisory and training services; income from national and EU research programmes and revenue from farming activities etc.
Its financial statement is audited annually by the Comptroller and Auditor General's office. All revenues earned along with any surplus income generated is re-invested by the organization in pursuit of its public good strategies and programmes to support Irish food and agriculture within the framework of Government policies and priorities.