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Minister announces final €40 million tranche of payments to former sugar beet growers

The Minister for Agriculture, Fisheries and Food, Brendan Smith, TD, today announced the issuing of the final tranche of payments to former sugar beet growers, under the EU Sugar Reform package. 'I am delighted to announce the issuing of these payments, worth in excess of €40 million'. The Minister said. The payments, under the Retroactive Restructuring Scheme, are designed to help compensate former sugar beet growers for the closure of their industry. The payments are the last element of the total compensation package arising from the closure of the Irish sugar industry - in addition to the €123 million payable to growers under the Single Payment Scheme in the period 2006 to 2012.

The payments now being made to former sugar beet growers are in addition to those payments already made last year and earlier this year to growers under (a) the Restructuring element of the reform package, worth approximately €12 million and (b) the Diversification element, worth approximately €44 million. Furthermore, payments totalling €5.8 million were also made last year and earlier this year to machinery contractors for the loss in value of specialised machinery.

Date Released: 01 July 2008