According to the Irish Farmers Association (IFA), the European Commission has agreed to allocate 50 million euros to support Irish beef farmers.

This happened after the country's Ministry of Agriculture, Food, and Navy applied for financing beef farmers who found themselves in a difficult situation due to Brexit.

The IFA said that the European Commission is expected to announce financing of € 50 million, which is likely to be combined with a government fund of € 50 million, resulting in a total amount of € 100 million.

“Farmers have suffered wild price losses due to uncertainty with Brexit, and it is encouraging that the EU Commission recognized this and responded to the IFA proposal,” said IFA President Joe Healy.

Healy also said that he spoke with EU Commissioner for Agriculture Phil Hogan on May 15 in the evening and met with him in Brussels on Monday, May 13, about the fund.

Angus Woods, chairman of the IFA's livestock industry, is in Brussels today, May 16, where he is due to meet with EU Commission officials and members of Hogan’s cabinet to discuss the details of the assistance package.