Potential farm wipe out as leak reveals plans for shock rollback in EU payments

Farmers on off-farm income will see CAP payments slashed.

Sligo News File.

Another crippling attack on Ireland’s rural economy is set to come in the form of a massive cutback in the CAP.

According to the Farmers Journal, leaked proposals on the future shape of the EU policy reveal that payments will be channelled more towards farmers not drawing income from on farm activities.

Farmers with sizeable off-farm income will be hammered, with EU payments capped at €60,000.

The Minister for Agriculture is reportedly being given more power to order the structure of the CAP, changes to which are scheduled to take effect just two years from now.