Most ACRES Balancing Payments to be made in September

Sep 9, 2024 | Climate Change, Farm Viability, Green Architecture

It has been announced that the majority of the 8,636 farmers who joined ACRES in Tranche 1 and are still waiting for payment will receive a balancing payment by the end of September. It is expected that 95% will be paid by then.

The scale and complexity of the scheme has presented challenges in meeting the payment timelines since its inception.

Almost all ACRES participants (44,780) had received either an 85% advance payment, or a flat rate interim payment of either €4,000 or €5,000 by March of 2024. Some 19,719 of these had received their advance payment between November and February, with the remainder (25,061) receiving interim payments by mid-March. These interim payments represented the majority of, or in some cases exceeded, the total ACRES payments due for the year.

Currently, 36,410 farmers, or 82% of participants, have also received their final balancing payment, adjusted, where appropriate, to account for the interim payment. This brings payments for the first year of the Scheme to €241 million.

Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D. commented in relation to the average payment issued so far.

Of the 36,410 farmers who have received their full payment to date, the average total payment for ACRES General participants has been €5,200 and the average total core payment for those in the Cooperation stream has been €5,100, which is broadly in line with projections at the outset of the scheme.

For farmers participating in the Cooperation stream, there remains an additional €17,500 maximum available to be drawn down from Non-Productive Investments (NPIs), Landscape Actions (LAs) and the Landscape Bonus. Approvals for the NPI applications already received are expected to be issued by the end of 2024, with a new round of NPI applications opening on 17 September.

In relation to the next round of payments, Minister McConalogue said:

All in my Department are determined to ensure that the challenges experienced with administering year one of the scheme are resolved for year two. Work is progressing to ensure the effective delivery of 2024 advance payments for both Tranche 1 and 2 ACRES participants. These payments will commence by the end of November, 2024.

To learn more about ACRES, please click here.

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