TAMS III deadline is approaching - Kilkenny Farming

Ifac is reminding farmers across Kilkenny that the closing date for the next tranche of the Targeted Agricultural Modernisation Scheme (TAMS III) is April 12. The next tranche will open on April 13.

The grants available under TAMS III are 40% of €90,000 and this increases to 60% if an applicant is a Young Trained Farmer. Registered farm partnerships also allow for an increased ceiling of a grant claimable on a total spend of up to €160,000.

“The Low Emissions Slurry Equipment grant is another grant that is often forgotten about. The grants available here on certain slurry spreading equipment are 40% of €40,000 and this increases to 60% if an applicant is a Young Trained Farmer (must apply through YFCIS). And, registered farm partnerships are allowed an additional ceiling with a total spend of up to €60,000,” Ben Fogerty, Partner at Ifac’s Kilkenny office said.

“But the key advice is not to rush the decision on investment for the sake of meeting a deadline – this could be far more costly than delaying your application and making the right investment for your farm. Always get expert advice to help you plan for the future.”