50% Sfp advance

mahoney_j

Talking to a friend who is a beef farmer,poor fella!!!.was asking me are we getting the 50% Sfp advance this year.ive heard nothing about it,anyone else??.

arctic8dave

Doesn't that happen ever yearwith half paid on oct/nov and the rest in dec/ jan. I think so anyway.

arctic8dave

Doesn't that happen ever yearwith half paid on oct/nov and the rest in dec/ jan. I think so anyway.

mahoney_j

arctic8dave wrote: »

Doesn't that happen ever yearwith half paid on oct/nov and the rest in dec/ jan. I think so anyway.

Nope not a certainty,has happend for last few years though.coveny has to apply for it.

whelan2

arctic8dave wrote: »

Doesn't that happen ever yearwith half paid on oct/nov and the rest in dec/ jan. I think so anyway.

there has to be a reason for it, last year the bad spring, 2012 bad summer..... i supose they could say beef prices this year. Would be nice to know if the advancement was coming so we could plan work ahead.

blue5000

https://twitter.com/simoncoveney

Let's all ask him:)

jt65

you can sense the lack of funds at the ringside last couple of weeks, eveen though the beef man is saying (& rightly so with present factory prices) that stores are too dear


splitting the SFP would IMO help to keep an even trade for stock for the back end,

whelan2

how else will we pay our tax if we dont get the sfp advancement in october

nhg

whelan2 wrote: »

how else will we pay our tax if we dont get the sfp advancement in october

What tax? Sure how could we beef farmers be making money with beef prices the way they are. Oh ya, forgot about the dairy men/women

whelan2

nhg wrote: »

What tax? Sure how could we beef farmers be making money with beef prices the way they are. Oh ya, forgot about the dairy men/women

what you are paying this year is from last year.... had 2 brutal years in 2009 and 2013 and still had to find the money to pay tax and put food on the table

Miname

whelan2 wrote: »

what you are paying this year is from last year.... had 2 brutal years in 2009 and 2013 and still had to find the money to pay tax and put food on the table

I don't think it matters what year it is.

patrickn

S.F.P. has had an advance payment in October since 2006. In some years I can remember 70% was paid in October in exceptionally bad years. Every Minister comes out in September to declare that after long hard fought negotiations running into the early hours he has secured a deal to have an advance payment. Then all the Local Radio Stations will follow with every Government T.D. coming on to announce this hard earned victory when in fact we are pushing an open door for advance payment which is customary in most other EU countries.

rangler1

whelan2 wrote: »

what you are paying this year is from last year.... had 2 brutal years in 2009 and 2013 and still had to find the money to pay tax and put food on the table

will probably be paid alright but it's only a concession, you should never set up a commitment based on it and even if it is being paid, it's only if your case is cleared for payment
Payment date is early dec and anything before that should be treated as a bonus

mahoney_j

rangler1 wrote: »

will probably be paid alright but it's only a concession, you should never set up a commitment based on it and even if it is being paid, it's only if your case is cleared for payment
Payment date is early dec and anything before that should be treated as a bonus

That was my take too,we've become reliant on early payement now though.i still wouldn't be structuring payements though based on it

whelan2

mahoney_j wrote: »

That was my take too,we've become reliant on early payement now though.i still wouldn't be structuring payements though based on it

yes, but an announcement on if it was coming or not would be helpful

mahoney_j

whelan2 wrote: »

yes, but an announcement on if it was coming or not would be helpful

Fully agree,ploughing is comming up and Coveny will want a good news story so I'd be fairly sure there will be announcement around that time.

whelan2

mahoney_j wrote: »

Fully agree,ploughing is comming up and Coveny will want a good news story so I'd be fairly sure there will be announcement around that time.

Ploughing is a full month away. I reckon he might announce it sooner to sweeten some of the beef farmers

Dawggone

patrickn wrote: »

S.F.P. has had an advance payment in October since 2006. In some years I can remember 70% was paid in October in exceptionally bad years. Every Minister comes out in September to declare that after long hard fought negotiations running into the early hours he has secured a deal to have an advance payment. Then all the Local Radio Stations will follow with every Government T.D. coming on to announce this hard earned victory when in fact we are pushing an open door for advance payment which is customary in most other EU countries.

Exactly. Bang on. Politicians think people are fools.

whelan2

mahoney_j wrote: »

Talking to a friend who is a beef farmer,poor fella!!!.was asking me are we getting the 50% Sfp advance this year.ive heard nothing about it,anyone else??.

from inside back page of fj, das are in line to be paid in the last week of september-probably after minister coveney announces it at ploughing:rolleyes:-Farmers will also receive the advance 50% payment of sfp worth over 500million euro in total from 16 october. However the commission is considering allowing 100% of direct support to be paid out to farmers from 16 october . The balance of direct payments are normally paid on 1st december. The move is to help those who are struggling with cash flow due to russian food ban............

_Brian

whelan2 wrote: »

from inside back page of fj, das are in line to be paid in the last week of september-probably after minister coveney announces it at ploughing:rolleyes:-Farmers will also receive the advance 50% payment of sfp worth over 500million euro in total from 16 october. However the commission is considering allowing 100% of direct support to be paid out to farmers from 16 october . The balance of direct payments are normally paid on 1st december. The move is to help those who are struggling with cash flow due to russian food ban............

Good way to get a bit of cash ringside for the weanling sales. If enough lads get 100% in October it might help a little for the trade.