Details of the plan will be unveiled later this afternoon.
Image via PixabayA €50 million package of supports is set to be approved for beef farmers.
Proposals for a compensation package for beef farmers was brought to Cabinet by the Agriculture Minister Michael Creed this morning. It's expected the plan will be approved by ministers and will target beef farmers who were heavily impacted as a result of COVID-19.
It's believed up to €20 million was lost by beef farmers as a result of the pandemic. This is mainly due to the closure of restaurants when the lockdown was introduced.
However, the likes of McDonald's and Supermacs closing their doors temporarily would have also had a knock-on effect.
Details of the package are set to be unveiled by the Taoiseach following the Cabinet meeting this afternoon.
