Targeted Agricultural Modernisation Schemes (TAMS II)
The objectives of the Targeted Agricultural Modernisation Schemes (TAMS II) are to facilitate farm modernisation, improve the working and production conditions on farms and improve competitiveness and contribute to the improvement of agricultural incomes. As the name suggests, the funding is targeted at specific farming sectors. The TAMS II schemes currently operational are:
* Young Farmer Capital Investment Scheme
* Dairy Equipment Scheme
* Low Emission Slurry Spreading Equipment Scheme
* Animal Welfare, Safety and Nutrient Storage Scheme
Other TAMS schemes due to be launched are:
* Pig and Poultry Investment Scheme
* Organic Capital Investment Scheme
Young Farmer Capital Investment Scheme
The specific areas of investment are animal housing, slurry storage, dairy equipment, specialised slurry spreading equipment, animal welfare & farm safety, and specialised pig & poultry investments. In addition, young farmers can avail of grant-aid for construction of new dairy buildings. Farmers must be below 40 years of age at the time of application and have been set up in farming within the previous five years.
Click on this Young Farmer TAMS link for more details:
Dairy Equipment Scheme
The objective of the Scheme is to encourage, in particular, new entrants/young farmers in milk production by providing them with a level of support to meet the considerable capital costs associated with establishment of their enterprise and ensuring that they have the most up-to-date technology available to compete in the modern dairy sector.
Follow this Dairy Equipment Scheme TAMS link for more details:
Low Emission Slurry Spreading Equipment Scheme
The principal objective of the Scheme is to assist farmers purchase new equipment for the spreading of slurry which has distinct environmental advantages.
Follow this Low Emission Slurry Spreading Equipment Scheme TAMS link for more details.
Animal Welfare, Safety and Nutrient Storage Scheme
The objectives of the Scheme are to
(i) facilitate farm modernisation including the provision of animal welfare,
(ii) improve the working and production conditions on farms,
(iii) improve competitiveness and contribute to the improvement of agricultural incomes,
(iv) assist tillage farmers for the storage of animal excreta, soiled water and other farmyard manures and related facilities.
Follow this Animal Welfare and Nutrient Storage TAMS link for more details.
How Much of a Grant will I Get?
The standard rate of grant aid under TAMS II is 40% with a grant rate of 60% available for new young farmers under the Young Farmer Capital Investment Scheme. The maximum investment ceiling is €80,000 per holding for all TAMS II schemes, with the exception of the applications under the Low Emission Slurry Spreading Scheme (LESS) which is not subject to the ceiling. The minimum amount of investment which is eligible for approval under an individual TAMS II Scheme is €2,000 per application.
Look at the TAMS II costings to get an accurate prediction of what amount of money you will recoup for your investment but remember all items have to be fully paid for before you can apply for payment from TAMS and any VAT refund due.