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  • ICMSA says farmers should ‘be aware’ of issues around imported stock : I C M S A : http://icmsa.ie
    a market open for imported stock and there has been a noticeable increase in adverts selling imported stock from a number of EU countries This is a perfectly legal trade but it s very important that farmers purchasing such stock should take a number of precautions to ensure the safety of their own existing herds In particular farmers should satisfy themselves very methodically regarding the health status of the animals With the advent of the single market in 1992 Ireland imported many diseases and today we find ourselves setting up eradication schemes to get rid of these diseases such as BVD We should not repeat the mistakes of the 1990s and it is important for individual farmers that they satisfy themselves of the imported animals health status said the Beef Cattle Committee Chairman Secondly if purchasing imported stock farmers should be aware that not all meat plants kill imported stock and it therefore becomes obviously important that the farmer who has purchase d imported cattle ensures that he she has an outlet for these cattle at the finishing stage You do not want a situation where in two years time you have cattle with little or no sales outlets with

    Original URL path: http://icmsa.ie/2011/10/icmsa-says-farmers-should-%e2%80%98be-aware%e2%80%99-of-issues-around-imported-stock/?upm_export=print (2016-01-06)
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  • Beef | I C M S A
    find ourselves setting up eradication schemes to get rid of these diseases such as BVD We should not repeat the mistakes of the 1990s and it is important for individual farmers that they satisfy themselves of the imported animals health status said the Beef Cattle Committee Chairman Secondly if purchasing imported stock farmers should be aware that not all meat plants kill imported stock and it therefore becomes obviously important that the farmer who has purchase d imported cattle ensures that he she has an outlet for these cattle at the finishing stage You do not want a situation where in two years time you have cattle with little or no sales outlets with the consequent impact on the prices you receive for your stock The clear message for farmers is that given the lack of a history of importing stock to Ireland and the fact that not all meat plants will kill imported stock it would be very wise of farmers thinking of buying imported animals to have a very clear idea of potential outlets for these cattle when they are finished and who will pay a price equivalent to Irish cattle cautioned Mr Connolly Ends 29 September 2011 Kevin Connolly 087 9381173 Chairman ICMSA Beef Cattle Committee Tagged with beef imported stock beef prices ICMSA say proposed animal transport legislation will damage our live export trade Jun 22 2011 The Chairman of the ICMSA Beef Cattle Committee Kevin Connolly has urged Minister Coveney to move to a state of Red Alert as the prospect of the EU introducing a whole raft of what Mr Connolly describes as superfluous animal transport regulations and legislation begins to loom large Mr Connolly said that the live export trade acts as a key pressure valve for Irish farmers without which competition for

    Original URL path: http://icmsa.ie/tag/beef/ (2016-01-06)
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  • Imported Stock | I C M S A
    perfectly legal trade but it s very important that farmers purchasing such stock should take a number of precautions to ensure the safety of their own existing herds In particular farmers should satisfy themselves very methodically regarding the health status of the animals With the advent of the single market in 1992 Ireland imported many diseases and today we find ourselves setting up eradication schemes to get rid of these diseases such as BVD We should not repeat the mistakes of the 1990s and it is important for individual farmers that they satisfy themselves of the imported animals health status said the Beef Cattle Committee Chairman Secondly if purchasing imported stock farmers should be aware that not all meat plants kill imported stock and it therefore becomes obviously important that the farmer who has purchase d imported cattle ensures that he she has an outlet for these cattle at the finishing stage You do not want a situation where in two years time you have cattle with little or no sales outlets with the consequent impact on the prices you receive for your stock The clear message for farmers is that given the lack of a history of importing stock to Ireland and the fact that not all meat plants will kill imported stock it would be very wise of farmers thinking of buying imported animals to have a very clear idea of potential outlets for these cattle when they are finished and who will pay a price equivalent to Irish cattle cautioned Mr Connolly Ends 29 September 2011 Kevin Connolly 087 9381173 Chairman ICMSA Beef Cattle Committee Tagged with beef imported stock beef prices Search the site ICMSA President John Comer Newsletter ICMSA Winter 2015 Newsletter ICMSA Autumn Newsletter 2015 ICMSA Newsletter Spring 2015 ICMSA Winter 2014 Newsletter ICMSA

    Original URL path: http://icmsa.ie/tag/imported-stock/ (2016-01-06)
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  • ICMSA PRE-BUDGET SUBMISSION 2012 : I C M S A : http://icmsa.ie
    Averaging The current income tax relief for pension contributions must be maintained The introduction of a Residential Property Tax must not disproportionately and adversely impact on family farm homes Barriers to incorporation for companies should be removed in particular the non carry over of unused farm building allowances Section 2 Land Policy and Taxation One of the greatest challenges facing the agri sector in the attainment of the targets in Food Harvest 2020 is the efficient management of farm consolidation and access to land at a reasonable price Farm fragmentation is a key feature on many Irish farm holdings and provisions must be made to ensure that dairy farmers in particular have access to land in close proximity to the milking facilities ICMSA believes that the Government in Budget 2012 must match aspirations contained in Food Harvest 2020 with effective land policy and taxation measures In this context ICMSA proposes a number of tax incentives to farmers to increase the scale of their farm unit and create a viable future in farming 1 Stamp Duty With the abolition of milk quotas in 2015 farmers wishing to expand milk production will need access to land in close proximity to their milking facilities commonly referred to as the milking platform The Government must address the difficulties facing farmers wishing to consolidate their holdings and this is the limiting factor for many individuals trying to expand their dairy enterprises ICMSA believes that it is crucial full time farmers wishing to enlarge their holding to grow their farm business into a viable unit must be allowed to do so with the minimum application of Stamp Duty The Government took a decision not to extend Farm Consolidation Stamp Duty relief beyond 30 June 2011 ICMSA believes that the whole issue of consolidation as part of a progressive agricultural land policy must be reviewed It is essential that the Government reintroduces Farm Consolidation Stamp Duty Relief but also the restrictive guidelines regarding whole parcel transfer must be addressed When the relief did operate many individuals were unable to avail of this relief due to the fact that sub parcels are being transferred ICMSA proposes that in addition to full parcel transfer sub parcel transfer should also be allowed when these are clearly identified on a map as per normal identification required for conveyance ICMSA supports the Commission on Taxation proposal to continue Stamp Duty Relief for transfers to young farmers beyond the current expiry date of 31 December 2012 Where a farm is owned personally and the farmer has operated a farm company then on subsequent transfer of the farm and farm company to a successor the young trained farmer relief for stamp duty should apply on the underlying land 2 Capital Gains Tax It is crucial that the transfer of a typical family farm can take place without incurring any tax liability and current Government policy is effectively penalizing any farmer wishing to consolidate his her holdings in order to grow and expand their business ICMSA believes that Capital Gains Tax Rollover Relief should be introduced on a limited basis to allow for farm consolidation and parcel swaps for individuals wishing to expand their enterprise This relief could be confined to a fixed period for reinvestment in agricultural property Currently farmers are being severely penalised for consolidating their holding when Stamp Duty and Capital Gains Tax at 25 percent are charged ICMSA is extremely concerned with proposals outlined in the National Recovery Plan which indicate that the current 25 percent Capital Gains Tax will be changed in 2012 to a system of differing rates for different levels of gains In the event of theses increases ICMSA believes the Government must reintroduce reliefs such as Indexation and Rollover Relief which were withdrawn in 2002 as a result of a reduction in Capital Gains Tax to 20 percent at that time Additionally the ICMSA fully supports the Commission on Taxation proposal that Capital Gains Tax rollover relief should apply on gains on disposals of farm land pursuant to a Compulsory Purchase Order where the proceeds are reinvested in farm land It is vital for the future of Irish farming that farmers are in a position to retire and pass on their farm to the next generation free of capital tax In this context ICMSA believes that Capital Gains Tax Relief for disposal of a business or farm on retirement should continue as proposed in the Commission on Taxation Report ICMSA is opposed to the proposal to discontinue the Capital Gains Tax exemption on disposal of a site to a child 3 Capital Acquisitions Tax The tax free thresholds for Capital Acquisitions Tax have been reduced twice resulting in a reduction in the tax free threshold of nearly 40 percent since April 2009 and ICMSA believe that no further reductions should be applied to the current thresholds A key aspect of Budget 2012 should be to ensure that the early transfer of farms from one generation to the next is encouraged to ensure the competitiveness of the agricultural sector In this context ICMSA believes it is vital that the Agricultural Relief for Capital Acquisitions Tax is maintained at 90 percent of the value of the property because any downward movement from this will have a significant negative financial impact for farmers transferring land If the current level is not retained it will result at best in the delay in transfer of land from one generation to the next or at worst turning farms into non viable operations Any reduction in Agricultural Relief is in direct conflict with the attainment of the targets set in Food Harvest 2020 4 Income Tax Relief and Leasing Land The ending of the Early Retirement and Installation Aid Schemes has significantly hindered early farm transfer ICMSA believes that the early transfer of land is essential to secure the future of Irish agriculture Under the current tax code the same tax relief is not available to related persons as non family transactions in land leasing arrangements and ICMSA believes this anomaly must be addressed in Budget 2012 It is essential the current Income Tax relief for farm land leasing income is continued to ensure early farm transfer and farm consolidation ICMSA Proposals Stamp Duty Reintroduction of Farm Consolidation Stamp Duty Relief and the detailed requirements relating to the Relief must be changed to allow for eligibility on basis of transfers that do not involve whole parcels Stamp Duty Relief for transfers of land to young trained farmers should continue beyond the current expiry date of 31 December 2012 Capital Gains Tax Rollover Relief should be introduced to allow for farm consolidation and parcels swaps This could be restricted to a specific time limit for reinvestment in agricultural property ICMSA is opposed to any increases in Capital Gains Tax However in the event of a change to the current mechanism and any increase in rates ICMSA propose that the Government must reintroduce full indexation and rollover relief ICMSA fully supports the Commission on Taxation proposal that Capital Gains Tax relief for disposal of a business or farm on retirement should continue ICMSA supports the proposal that Capital Gains Tax rollover relief should apply on gains on disposals of farm land pursuant to a Compulsory Purchase Order where the proceeds are reinvested in farm land ICMSA is opposed to the proposal to discontinue the Capital Gains Tax exemption on disposal of a site to a child Capital Acquisitions Tax There must be no further reductions in the Capital Acquisitions tax free thresholds for gifts inheritances in Budget 2012 It is vital that Agricultural Relief for Capital Acquisitions Tax in maintained at 90 percent Income Tax Relief and Leasing Land Extend the income tax relief to land leases between family members where the lease is for a definite term of five years or more Land leasing income tax relief must be continued post 2012 Operating a Farm as a Company Where a farm is owned personally and the farmer has operated a farm company then on subsequent transfer of the farm and farm company to a successor the young trained farmer relief for stamp duty should apply on the underlying land Section 3 Farm Investment Tax Incentives 1 Stock Relief Medium to long term prospects for the dairy and livestock sector are in general positive as outlined in Food Harvest 2020 In order to achieve these targets farmers must be allowed to expand their dairy enterprise in a cost efficient manner The current 25 percent stock relief means that farmers expanding their enterprise are taxed on 75 percent of the additional investment which in many cases is a substantial amount ICMSA propose that 100 percent stock relief for increases in stock numbers should be extended to those who increase their herd size on a permanent basis in order to encourage farmers who are expanding in line with the aspirations of Harvest 2020 with a claw back of relief in the event of disposal of the herd before the end of a specific period The existing regime of 25 percent stock relief for farmers and 100 percent relief for young trained farmers should also continue 2 Capital Allowances The normal write off period for capital allowances on agricultural plant and machinery currently stands at eight years This means that only 12 5 percent of the value can now be written off per annum as opposed to 20 percent previously allowed ICMSA believes that farmers should be given a choice to write off capital expenditure on plant and machinery and farm buildings over a period of three to eight years The grant of allowances over a shorter term will stimulate farmers to invest for expansion and will also stimulate economic activity within Ireland at no overall cost to the exchequer 3 Tax Relief for the Purchase of Milk Quota ICMSA is strongly opposed to the proposal in the 2009 Commission on Taxation Report that tax relief for the purchase of milk quota be discontinued Milk quota is an integral tool in the expansion of any dairy business and farmers wishing to expand their current business must not be discriminated against ICMSA Proposals 100 percent stock relief for increase in stock numbers should be extended to those who increase their herd size on a permanent basis with a claw back of relief in the event of disposal of the herd before the end of a specified period The existing regime of 25 percent stock relief for farmers and 100 percent relief for young trained farmers should also continue Allow farmers choose between three and up to eight year write off period for agricultural plant and machinery and farm buildings Tax relief for the purchase of quota to continue Section 4 Funding Farm Schemes 1 REPS and AEOS The success of REPS in Ireland is clearly evident across the countryside with the added benefit of many farmers now committed to farming in an environmentally friendly manner ICMSA believes that the introduction of AEOS 1 and in particular AEOS 2 has failed to provide an effective continuation for farmers leaving REPS 3 In Budget 2011 the Government halved the budget for AEOS resulting in the uptake in the scheme being much lower than anticipated ICMSA believes that it is crucial that there are no further cuts to the agricultural budget for funding of REPS AEOS in Budget 2012 and that current payment rates are retained A properly funded AEOS Scheme must be made available in 2012 for those farmers that have completed REPS 3 and REPS 4 contracts 2 Disadvantaged Areas Scheme Disadvantaged Areas Payments are a necessary direct income support across the country and ICMSA is totally opposed to any further cuts to these payments 3 Suckler Cow Welfare Scheme ICMSA believes that the The Suckler Cow Welfare Scheme current payment rates must not be subject to any cuts in Budget 2012 4 Targeted Agricultural Modernisation Schemes TAMS Adequate funding must be provided for the reopening of the Dairy Equipment Sheep Handling and Fencing Water Harvesting and Pig Welfare Schemes There is 50 percent EU funding available for these schemes up to 2013 and on farm investment in these schemes will provide significant economic activity in rural communities ICMSA Proposals ICMSA believes it is crucial that there are no further cuts to the agricultural budget for funding of REPS AEOS in Budget 2012 and that current payment rates are retained and that a properly funded AEOS Scheme must be made available in 2012 for those farmers that have completed REPS 3 and REPS 4 contracts ICMSA is totally opposed to any cuts in Disadvantaged Areas Payments Current Suckler Cow Welfare Payments must be maintained in Budget 2012 Targeted Agricultural Modernisation Schemes must be reopened Section 5 Indirect Taxation 1 Value Added Tax The EU Commission has prepared a Green Paper on harmonization of VAT rates across the EU ICMSA believe that any move to impose uniform rates across Member States will have serious implications for many activities of indigenous industries that currently are zero or reduced VAT rated In addition if the Commission changes the reduced rate to the standard rate of 21 percent this will have a direct impact on farming costs both in terms of the cost of agricultural diesel but also farm inputs such as contractor charges ICMSA believes that the imposition of this 7 5 percent being the increase from 13 5 percent to 21 percent will have a significant negative impact on farming activity and therefore farm output The National Recovery Plan provides for VAT rates to be increased to 23 percent by 2014 ICMSA believes that it is essential that any increase in VAT rates must be reflected in the Flat Rebate for farmers Farmers in particular use a number of products and services such as the recycling of waste products maintenance of hedgerows spreading of slurry with a trailing shoe spreader and fencing of watercourses that fall into the environmental goods and services category ICMSA believes that the current standard 21 percent VAT rate should be reduced to 13 5 percent which would provide significant savings for farmers ICMSA believes that unregistered farmers should be allowed to claim back VAT on unfixed facilities such as slurry spreaders or irrigation systems that are used for pollution control measures The Renewable Energy Sector has been ignored in terms of the provision of adequate tax incentives to ensure the achievement of our National Energy Plan the implementation of EU Directives and the link to large scale infrastructure for energy transmission and generation ICMSA believes that there is an opportunity to make investment in renewable energy generation a much more viable option for many farmers and offer a much needed means of off setting or reducing our carbon footprint Currently a significant barrier to the installation of a Wind Turbine on farm is the fact that the cost is prohibitive for many farmers due to the substantial level of VAT incorporated in the price Most farmers are not VAT registered and under current Revenue guidelines are unable to claim back VAT on electricity generating equipment such as Wind Turbines under the flat rate system for non registered farmers ICMSA believes that all micro generators on farm should be deemed as a farm activity and qualify under this system ICMSA Proposals ICMSA is opposed to EU Commission proposals for harmonisation of VAT rates across the EU Any increase in VAT rates must be reflected in the Flat Rebate for farmers All environmental goods and services used by farmers should be reduced from the current 21 percent VAT rate to 13 5 percent Farmers should be allowed to claim back VAT on unfixed equipment used for pollution control measures ICMSA believes that all micro generators on farm should be deemed as a farm activity and qualify for a VAT rebate under the flat rate system for unregistered farmers Section 6 Higher Education Grants 1 Higher Education Grants ICMSA is extremely concerned by proposals contained in the Hunt Report on a capital asset test as part of the eligibility criteria for Higher Education grants ICMSA contends that farm assets are productive business assets In addition given the uniqueness of the assets particularly land the market value of these assets bear little or no real relationship to the income that may be generated from the holding or the use of these assets ICMSA believes that thousands of farm families will be unfairly denied an opportunity to avail of third level education if farm assets are included as part of a means test Farm families must be treated in an equivalent manner to other sectors of society and ICMSA believes that family farm income must be the sole criterion used in any means test to establish entitlement to Higher Education grants where the family s sole income is farm income We have made our points by letter to the Minister for Education and Skills who stated in reply that statistics from the Higher Education Authority show that 39 7 of farmers children in first year were on higher education grants which is lower than urban myth would have it He continued to state that these new statistics should help inform a more reasoned debate including the arguments that you make in your letter about any changes that may be made in the present system to ensure greater equity Let me assure you that I would not wish to see students from less well off farm families excluded from grant eligibility ICMSA Proposals Farm assets are productive assets and are essential to the survival of the business and must not be factored into any means test for Higher Education Grants Capital Allowances should be deductible for calculating reckonable income for student grant purposes Section 7 Social Welfare Issues 1 Employer PRSI ICMSA believes that the Government should honour commitments to reduce by 20 percent the 10 75 percent rate of employers PRSI on earnings up to 40k effective rate of 8 75 percent 2

    Original URL path: http://icmsa.ie/2011/09/icmsa-pre-budget-submission-2012/?upm_export=print (2016-01-06)
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  • Wexford ICMSA invited to Davis Finance presentation : I C M S A : http://icmsa.ie
    Director of Markets from An Board Bia MICHAEL MURPHY On Thursday 6th October 2011 In The Courtyard Main Street Ferns Commencing at 7pm You are invited to an evening themed The Future of Irish Farming and Local Food Producers Hosted by Davis Financial Services Garahy Breen Solicitors With guest speakers Minister for Agriculture Food The Marine SIMON COVENEY TD Director of Markets from An Board Bia MICHAEL MURPHY On Thursday

    Original URL path: http://icmsa.ie/2011/09/wexford-icmsa-invited-to-davis-finance-presentation/?upm_export=print (2016-01-06)
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  • Flat rate payment will leave active farmers ‘flat broke’ says ICMSA’s Comer : I C M S A : http://icmsa.ie
    active farmers have been undermined but ICMSA is sending a very clear message that the interests of active farmers must be addressed and we can no longer afford to be subsidising armchair farmers at the expense of those who are working the land If the Minister is to achieve this objective one of the first and immediate tasks is to address the proposal for a 2014 base year A 2014 base year would be an absolute disaster for active farmers and would result in massive escalation in land rental costs The Minister cannot allow this to happen and a clear signal is needed immediately that a future year will not be the base year in order to prevent disruption to the rental land market said Mr Comer With reference to a flat rate payment proposal it is quite clear that the vast majority of active committed farmers have a payment well in excess of the national average of 270 per hectare and any proposal to restructure payments around a flat rate system would do huge damage to active producers It is quite clear that a flat rate system will not work and it is clear that a structure will have

    Original URL path: http://icmsa.ie/2011/09/flat-rate-payment-will-leave-active-farmers-%e2%80%98flat-broke%e2%80%99-says-icmsa%e2%80%99s-comer/?upm_export=print (2016-01-06)
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  • SFP | I C M S A
    armchair farmers at the expense of those who are working the land If the Minister is to achieve this objective one of the first and immediate tasks is to address the proposal for a 2014 base year A 2014 base year would be an absolute disaster for active farmers and would result in massive escalation in land rental costs The Minister cannot allow this to happen and a clear signal is needed immediately that a future year will not be the base year in order to prevent disruption to the rental land market said Mr Comer With reference to a flat rate payment proposal it is quite clear that the vast majority of active committed farmers have a payment well in excess of the national average of 270 per hectare and any proposal to restructure payments around a flat rate system would do huge damage to active producers It is quite clear that a flat rate system will not work and it is clear that a structure will have to be devised to ensure active producers receive a payment that reflects their farming activity It is also clear from ICMSA s Single Farm Payment calculator at the Ploughing Championships that active farmers will lose many of them very considerably under the proposals leaked by the EU Commission and thus our Minister must immediately seek amendments that addresses these three particular issues continued the Deputy President With regard to the proposed deductions of up to 15 for National Reserves Disadvantaged Area Payments and coupled payments the reality for farmers is that the payments should be index linked and any proposal to cut payments by 15 must be totally opposed by our Minister becuase farmers simply cannot afford a reduction in their payment levels he concluded John Comer 087 2057846 Deputy President

    Original URL path: http://icmsa.ie/tag/sfp/ (2016-01-06)
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  • ICMSA at National Ploughing Championships : I C M S A : http://icmsa.ie
    ie 2011 09 icmsa at national ploughing championships ICMSA at National Ploughing Championships ICMSA Stand Minister Coveney visits ICMSA stand Post date 2011 09 20 11 26 59 Post date

    Original URL path: http://icmsa.ie/2011/09/icmsa-at-national-ploughing-championships/?upm_export=print (2016-01-06)
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