Exit payments: Farmers shouldn t feel guilty for retiring
28 May 2021 |
Farmers wanting to leave the industry will be offered a lump sum payment, Defra recently confirmed
Farmers have a good opportunity to retire following Defra’s announcement of the lump sum exit scheme and they shouldn’t feel guilty for doing so.
This is according to rural accountants Old Mil, which says now is a prime opportunity for farmers to start thinking about retirement for numerous reasons.
Defra s lump sum exit scheme will offer up to £100,000 for those who want to retire, based on the area payments they would have received until the end of the transition period in 2027.
LMC developing ‘grass-fed’ status for NI beef
The Livestock and Meat Commission (LMC) are leading work with industry representatives and DAERA officials to develop a grass-fed standard and verification system for NI beef.
The standard will be equivalent to a similar scheme in the Republic of Ireland (ROI). It will allow NI beef to be labelled under an all-island Protected Geographical Indicator (PGI) for grass-fed beef, assuming the PGI application is approved by the EU.
In response to a written Assembly question last week, Agriculture Minister Gordon Lyons said that meetings are scheduled between officials from both jurisdictions to monitor progress.