Stock relief

Stock relief measures previously announced are being extended up to 31 December 2021.

Averaging of farm profits

The averaging of farm profits regime is being extended to include off-farm trading income.

Young trained farmers

Stamp duty relief for young trained farmers involved in agricultural land transactions is being extended up to 31 December 2021.

Increased funding

Current expenditure funding of €57 million for the Department of Agriculture, Food and Marine. In addition to this, €60 million in current and capital Brexit-related supports will be provided to strengthen the sector’s ability to meet the challenges of Brexit.

Additional €53 million in capital funding to finance the first round of projects under the new Rural Regeneration Development funds.