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  • Retailer Margin Continues to Rise as Beef Farmers Suffer - ICMSA. : I C M S A : http://icmsa.ie
    heifers respectfully in March of this year ICMSA at the time highlighted this finding describing how it had fallen from a return in the mid fifties a year earlier Our latest analysis Mr Guinan said is for the intervening months of April May and June and again it shows this trend of squeezing the Irish farmer continuing These figures are now at 44 and 45 The problem farmers face at this time Mr Guinan said is not that beef prices have fallen for the consumer but that the players up the chain the processors and in particular the retailers have decided to take advantage of increased supplies simply to boost their own margins at the expense of farmers and they are also using new specifications to boost their profits The grabbing of margin by those further up the chain will only be solved at EU level and it is essential that our Minister and our MEP s make the power of multiple retailers a key policy priority for the new term This issue has been discussed for years but no practical actions to aid producers have been introduced On the plus side with beef supplies expected to decline for the rest of 2014 and into 2015 some relief should be on the horizon in the coming months However Mr Guinan said for Irish farmers to fully benefit from the easing in supplies a number of serious bottlenecks need to be addressed with the export of live cattle to Northern Ireland top of the agenda along with specification issues efforts to generate a viable live export trade for forward cattle and minimising the impact of the recent Russian ban These issues must be at the top of the Ministers agenda Beef supplies Mr Guinan said in Ireland are currently running at

    Original URL path: http://icmsa.ie/2014/08/retailer-margin-continues-to-rise-as-beef-farmers-suffer-icmsa/?upm_export=print (2016-01-06)
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  • Farm Income Volatility Must Be Addressed in Budget 2015 - ICMSA : I C M S A : http://icmsa.ie
    in the context of quota abolition in 2015 coupled with the challenge of achieving the targets set out in Food Harvest 2020 The Farm Business Chairperson stated that ICMSA have addressed the issue of income volatility and the need for a mechanism to facilitate management of such peaks and troughs in order to allow farmers plan for investment in and development of their business in the ICMSA Agri Taxation Review Submission and the 2015 ICMSA Pre Budget Submission He stated that ICMSA have proposed the introduction of what is referred to in Australia as a Farm Management Deposits Scheme FMDS which has both a positive farm financing component and a built in mechanism to smooth out income over the years In recommending a similar scheme to the FMDS ICMSA believe the existing income averaging scheme in Ireland should be maintained Mr Mc Cabe stated that ICMSA believe the FMDS has many merits and most definitely should be considered for incorporating into the Irish income tax code for farmers However he stated that ICMSA have suggested a number of modifications to take account of Irish conditions Mr Mc Cabe stated that an increasing number of Irish farmers are incorporating in order to avail of the reduced 12 5 percent Corporation Tax rate In this context ICMSA believe that in order to provide some of the advantages of incorporation from the point of view of providing self funding for investment and capital loan repayment ICMSA have recommended that the 12 5 percent tax should apply on a once off basis for the amounts deposited in the farm management account Farmers would then be able to avail of these funds in the farm management deposit account for farm investment purposes as the farm business required No further tax would be paid on such

    Original URL path: http://icmsa.ie/2014/08/farm-income-volatility-must-be-addressed-in-budget-2015-icmsa/?upm_export=print (2016-01-06)
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  • Worrying Increase in Farm Fatalities - ICMSA : I C M S A : http://icmsa.ie
    at all times The ICMSA President stated the National Conference on Farm Safety and Health is extremely important in terms of raising awareness among farm families of the inherent dangers in their everyday activities and thereby working to reduce the level of farm accidents However Mr Comer stated that the Conference will also provide an opportunity to reflect on a year which to date has seen a very worrying increase

    Original URL path: http://icmsa.ie/2014/08/worrying-increase-in-farm-fatalities-icmsa/?upm_export=print (2016-01-06)
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  • August Price Movements Shouldn’t Influence Milk Price Decisions - ICMSA. : I C M S A : http://icmsa.ie
    The reductions in milk price since the start of the summer are of huge concern to dairy farmers and along with superlevy concerns will have a major negative impact on farm incomes this year While dairy markets have weakened ICMSA is clearly stating that too much should not be read into price movements at present August is the traditional holiday period and this is no different in the dairy markets with buyers and sellers on holidays and this typically as would be expected have a negative impact on the marketplace While recent auctions in the Global Dairy Trade have seen markets soften it is expected that buyers who have been away from the market will return in the coming months and secondly the northern hemisphere is also well past its peak milk production period Peak production in Europe our main market for dairy products has well passed which should ease some pressure on prices and it is now wait and see how production in New Zealand and the Southern Hemisphere fares in the coming months Milk production in these regions will clearly have a major impact on milk price as we head into 2015 While there are a number of

    Original URL path: http://icmsa.ie/2014/08/august-price-movements-shouldnt-influence-milk-price-decisions-icmsa/?upm_export=print (2016-01-06)
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  • Russian Sanctions – Irish Milk Suppliers never happy to see markets being closed but recognise the importance of acting together and demonstrating commitment : I C M S A : http://icmsa.ie
    our food and agri exports particularly as we worked our way towards the extremely ambitious targets set out in Food Harvest 2020 But he noted that as a long standing Member State of the EU it was incumbent upon Ireland to recognise the importance of acting together and demonstrating a commitment to the collective Mr Comer said that Irish farmers would await the normalisation of relationships with Russia which he

    Original URL path: http://icmsa.ie/2014/08/russian-sanctions-irish-milk-suppliers-never-happy-to-see-markets-being-closed-but-recognise-the-importance-of-acting-together-and-demonstrating-commitment/?upm_export=print (2016-01-06)
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  • ICMSA challenge Department to release figures on how many cattle are receiving quality bonus from factories : I C M S A : http://icmsa.ie
    deliberately confusing system Mr Comer said that farmer anger was centred on the fact that despite the fact that while Bord Bia acknowledged that 90 of all finished beef is sourced from Bord Bia certified farms the quality bonus paid out under the QPS beef grid appeared to be a massively lower per centage The ICMSA President called on the Department to immediately publish on its Pricewatch website the exact per centages of cattle that were qualifying for the quality bonus under the QPS He pointed out that the Department has this data at their fingertips and must now publish it so that a comparison could be made with Bord Bia s figure of 90 A few weeks ago ICMSA described Pricewatch as almost irrelevant in terms of the information it was providing We re now calling on the Department to take advantage of the opportunity to make Pricewatch relevant to farmers by publishing on a weekly basis the numbers of cattle that have qualified for the quality bonus under QPS and the factories where those cattle were processed If the figures correspond approximately to the Bord Bia Quality Assurance Scheme figures then we ll know where we stand But if as farmers strongly suspect the quality bonus figures being paid under the QPS are substantially below those of the Bord Bia we ll be able to zero in on where the problem lies and that will be within the factories walls It is a matter of record that ICMSA with a very few other voices expressed deep unease when QPS was first mooted and then introduced We predicted that the system would prove to be unwieldy and deliberately confusing and would quickly work to the farmers disadvantage and that is exactly what has happened We derive no pleasure from

    Original URL path: http://icmsa.ie/2014/07/icmsa-challenge-department-to-release-figures-on-how-many-cattle-are-receiving-quality-bonus-from-factories/?upm_export=print (2016-01-06)
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  • ICMSA say Farm Taxation Review must plan for price and income volatility : I C M S A : http://icmsa.ie
    farm income volatility and land mobility In relation to farm income volatility we made two specific proposals firstly a farm deposit scheme where farmers can pay tax efficiently by saving surplus income generated in a good year that can be subsequently drawn down in a poor income year ICMSA believes that such a scheme with appropriate controls can play a major role in assisting farm families through period s farm income Price volatility is now a fact of life for farmers with the milk price a prime example where milk price has varied from 20 cents per litre to 40 cents per litre since 2009 If farm families are to survive this volatility the taxation system needs to provide innovative ways that will allow farmers to tax efficiently save funds for the leans years In relation to the income averaging relief we think that farmers who work part time should not be excluded from this relief going forward On land mobility ICMSA put forward proposals in relation to Capital Gains Tax Capital Acquisitions Tax and Stamp Duty to encourage the early transfer of farmland and in addition the extension of the land leasing incentive to family leases While Government may

    Original URL path: http://icmsa.ie/2014/07/icmsa-say-farm-taxation-review-must-plan-for-price-and-income-volatility/?upm_export=print (2016-01-06)
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  • Single Farm Payment Tax Exemption Very Necessary and Justifiable - ICMSA. : I C M S A : http://icmsa.ie
    rules introduced by the EU Commission that were totally unforeseen from a farmer and landowner perspective The decision of the Government ensured that this anomaly introduced by the EU could be dealt with in a fair and reasonable way and importantly ensured that the Government showed due recognition to the threat this decision posed to land mobility an issue rightly identified as a key barrier to the achievement of the Food Harvest 2020 targets It is very important Mr Comer said to point out that the people in this scenario were forced to sell their entitlements they had no choice either sell or lose the entitlements and if the EU Commission had not changed the rules these sales would not have taken place ICMSA Mr Comer said had identified this problem at an early stage and when a solution was not forthcoming from the EU the decision by the Minister to provide a once off tax exemption to the people impacted by this decision was very welcome fair and showed that the Government recognised the serious and unfair predicament that these people found themselves in The matter Mr Comer said only came to light earlier this year and the Government

    Original URL path: http://icmsa.ie/2014/07/single-farm-payment-tax-exemption-very-necessary-and-justifiable-icmsa/?upm_export=print (2016-01-06)
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