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BPS Financial Discipline

  • 03-12-2020 5:28pm
    #1
    sanarac
    Registered Users, Registered Users 2 Posts: 13 ✭


    Can anyone explain. What this is please and why is it deducted from the BPS Payment ??


Comments

  • #2
    alps
    Registered Users, Registered Users 2 Posts: 5,191 ✭✭✭alps


    As much as I understand, a small percentage of BPS is deducted and lodged to a crisis fund for the industry
    In the event of the crisis fund not being drawn on in that year, the funds are returned to the farmer and we see this returned in June or July..

    Someone may have the real story..


  • #3
    solerina
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭solerina


    sanarac wrote: »
    Can anyone explain. What this is please and why is it deducted from the BPS Payment ??

    From what I can see money is held back for assisting farmers if there is a difficulty (drought, fodder shortage etc) in my experience those that benefit are always dairy farmers.


  • #4
    Magic A
    Registered Users, Registered Users 2 Posts: 22 ✭Magic A


    Looks like they have withheld double the amount this year compared to what was held back last year.


  • #5
    whelan2
    Registered Users, Registered Users 2 Posts: 30,195 ✭✭✭✭whelan2


    solerina wrote: »
    From what I can see money is held back for assisting farmers if there is a difficulty (drought, fodder shortage etc) in my experience those that benefit are always dairy farmers.

    ?????? In the last few years the money has always been refunded 18 months later. I dont know how you come to that conclusion


  • #6
    whelan2
    Registered Users, Registered Users 2 Posts: 30,195 ✭✭✭✭whelan2


    Magic A wrote: »
    Looks like they have withheld double the amount this year compared to what was held back last year.

    It mustn't have been a tough enough year


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  • #7
    wrangler
    Registered Users, Registered Users 2 Posts: 11,327 ✭✭✭✭wrangler


    whelan2 wrote: »
    It mustn't have been a tough enough year

    We haven't had any real catastrophes, hopefully we never need it and it's a good idea


  • #8
    Jb1989
    Registered Users, Registered Users 2 Posts: 2,582 ✭✭✭Jb1989


    wrangler wrote: »
    We haven't had any real catastrophes, hopefully we never need it and it's a good idea

    +1


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