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Budget support for use of energy efficient equipment by farmers will save money and protect the environment, writes Thomas Cooney, IFA Environment and Rural Affairs Chairman.

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IFA President Joe Healy said today’s Budget has responded positively to IFA’s farm income campaign over the last six months with significant measures on low-cost loans, increased funding for farm schemes, the reversal of cuts to Farm Assist and flexibility on income averaging to help deal with volatility.

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Take a look at some of the main taxation changes in Budget 2017 and how they will affect you and your farm.

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IFA Farm Forestry Chairman, Michael Fleming has welcomed the removal of the Higher Earners Restriction and the return to an income tax free status for forestry income for farmers. He said this is a very positive development for the forest sector, and will allow farmers to manage harvesting operations more efficiently and not be limited by a tax threshold.

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IFA President Eddie Downey has said Budget decisions secured by the Minister for Agriculture Simon Coveney in the Budget next week will define the Government’s commitment to farming, and especially to farm families in vulnerable sectors and regions.

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