Farmers could face cash flow problems over payments

first_imgNewsFarmers could face cash flow problems over paymentsBy Staff Reporter – November 23, 2016 505 Advertisement WhatsApp TAGSDeputy Niall CollinslimerickRural Development Programme Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” RELATED ARTICLESMORE FROM AUTHOR Facebook Limerick’s National Camogie League double header to be streamed live Print WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads center_img Previous articleUS election results impact exportNext articleWin cinema tickets Staff Reporterhttp://www.limerickpost.ie Linkedin Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Farmers in Limerick and around the country could face cash flow problems – Collins NEW figures released this week reveal that only 52 per cent of this year’s Rural Development Programme budget allocation has been paid out.Limerick Fianna Fáil TD, Niall Collins says farmers will face increased cash flow problems as a result of serious delays in Rural Development Programme payments.Sign up for the weekly Limerick Post newsletter Sign Up Deputy Niall Collins stated – “It’s quite unbelievable that only half of this year’s funding for agri-schemes has been paid to farmers. This will result in serious financial hardship for farmers across the country.“It’s particularly worrying that less than 4 per cent of GLAS payments have been made. The government failed to allocate the level of funding that it originally promised for this scheme, and now it’s failing to pay out. This is a completely unacceptable situation.“Payments under TAMS and the Beef Genomics Scheme are also seriously behind schedule. These underspends are significant by any metric and will have serious consequences for small family farmers.“Many farmers have had to take out loans to keep their businesses going while they wait for their payments to come through, and these delays will exacerbate an already difficult situation. Farmers should not have to rely on banks and other financial institutions to cover the cost of works, which these agri-schemes cover. This is creating a major cash flow crisis, which is completely preventable.“This has been a very difficult year for farmers, and these underspends and delayed payments are making a bad situation worse. I am urging Minister Creed to ensure that these payments are forthcoming this month and that farmers are not left in the lurch”. Email Twitter Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

Brexit Party tipped to gain majority as EU elections loom

first_img Related Articles StumbleUpon Submit With the UK European elections due to take place tomorrow, the newly-formed Brexit Party is tipped to gain the most seats with it being traded at 97 per cent on Smarkets. The eurosceptic party, fronted by Nigel Farage, has shaken up the market for the ‘most seats’ in the UK European elections. Smarkets detailed that while the party was originally traded at 22 per cent on the exchange,  they’ve now reached 97% to get the most seats – pushing Labour down to 2% – their lowest price since we opened this market.Sarbjit Bakhshi, Smarkets Head of Political Markets commented: “The Brexit Party, despite having no members, no manifesto and no proposals of what they will do in the European Parliament, are set to storm the European Parliamentary elections with a 97 per cent implied probability of getting the most seats from the UK in the European Parliament market.“The media-friendly approaches of both Nigel Farage and Boris Johnson are paying off. A result of the attention, our markets are showing that both are strongly favoured to achieve their respective aims. The question remains whether other party leaders can break their hold on the news cycle, restrained as they are by manifestos and ideologies.”Across Europe, the market has seen a number of major coalitions being formed to cement themselves into the European Parliament. Smarkets has shown that there has been systematic growth in money being traded towards the European People’s Party, which is now being traded at 93 per cent. While markets have also shown that the implied probability for Tommy Robinson being elected as an MEP has taken a turn, with the ‘no’ contract dropping from 90 per cent to 76 per cent since the infamous milkshake-gate.With recent news yet again turning towards a potential UK conservative leadership contest, Boris Johnson is currently front-runner, increasing his lead at the top of the market to 34 per cent implied probability. Dominic Raab, meanwhile, has jumped into second favourite at 17 per cent implied probability and Michael Gove dropping to third favourite at nine per cent.Theresa May yesterday announced that she has come up with a series of amendments to her current Brexit deal to get it through parliament, including – most notably – allowing MPs to vote on a potential second referendum. This has ruffled some feathers among senior Conservative figures, but could also be just what May needs to stay in Number 10. Share John O’Reilly – Erratic orders have placed UK casinos on life support August 4, 2020 Share BGC: Government must ‘act fast’ and extend furlough scheme August 11, 2020 Bakhshi and Shaddick launch ‘Art of the Possible’ podcast tracking US 2020 developments August 10, 2020last_img read more