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

Voters OK minimum wage for Geneva as wealth gap widens

first_imgThe unions behind the initiative argued that it was impossible in Geneva to live in dignity making less than 23 Swiss francs ($25, 21 euros) an hour, or 4,086 francs a month for a full-time 41-hour work week.Rent for a typical two-bedroom apartment is at least 3,000 francs, and a coffee costs four or five francs.Geneva’s minimum wage vote was just one of many national, regional and local issues on the ballot Sunday as part of Switzerland’s famous direct democratic system.At a national level, voters appeared poised to make history on another social issue by approving paternity leave for the first time in the country long renowned for its traditional approach to family models and gender roles.That referendum to grant new fathers two weeks paid leave looked set to pass with nearly 57 percent of the vote at the national level, according to partial results, while full results in Geneva showed the canton backing the measure by over 79 percent.Topics : Geneva voters on Sunday came out in support of introducing a minimum wage, guaranteeing every worker in one of the world’s priciest cities at least US$25 an hour.Switzerland as a whole has no minimum wage, and voters in 2014 turned down a chance to adopt one at a national level. Geneva voters themselves have twice previously rejected calls to introduce a minimum wage in the city. But on Sunday the winds appeared to have changed as the coronavirus pandemic has deepened the wealth gap, with 58 percent of voters in the canton coming out in favor of the unions-backed initiative.The result made Geneva the third of Switzerland’s 26 cantons to set a minimum hourly earnings rate after Jura and Neuchatel.The initiative, which had the support of all the left-leaning parties, had been presented as a remedy to poverty and precariousness, which have become increasingly visible in wealthy Geneva since the coronavirus crisis began.Long lines of people waiting for handouts of food and other necessities have become a common sight in the city.last_img read more