Registered Farm Partnerships: FDC Group’s Agricultural Consultancy Services
The FDC Agricultural Advisory Team are available across the country to help with any queries or questions you may have in relation to the process of creating a Registered Farm Partnership (RFP).
Here, we provide the information on the range benefits associated with Registered Farm Partnership’s and how they can be of benefit to you on your own farm.
There are several benefits associated with creating a Registered Farm Partnership which range as follows:
- Increased TAMS investment funds as described below.
- Qualify for TAMS under young farmer (YFCIS) and/or woman farmers (WFCIS) scheme to avail of 60% grants instead of 40%.
- Where a young, trained farmer is joining a Registered Farm Partnership the Complementary Income Support for Young Farmers (CISYF). Max payment of €8190 annually for a maximum of 5 years.
- The National Reserve can also be applied for where there’s a qualifying young farmer on a max of 50 naked Hectares of land with a maximum payment of €7,750 annually.
- Further benefits of Registered Farm Partnerships include succession planning leading to a gradual transfer of the farm.
- Collaborative farming grant following the RFP creation.
An RFP must comprise of a minimum of two entities. Within this one must be deemed a category 1 applicant and the second a category 1 or 2 as described below. Any other applicants can be any of the three categories:
- Category 1 – Farmers who have farmed a minimum of three hectares for a minimum of two years prior to the partnership commencement date.
- Category 2 – An applicant who has an appropriate qualification in agriculture.
- Category 3 – Others, not described as Category 1 or 2.
Firstly, looking at Registered Farm Partnerships in relation to incorporating a young farmer. To qualify as a young farmer, the applicant must be under the age of 40, have completed a level 6 qualification in Agriculture (the green cert) and be actively farming (name on a herd number) with a BISS application submitted with a minimum of one entitlement. In 2024, the Complementary Income Support for Young Farmers (CISYF) has been set by DAFM at €163.80 per eligible hectare, up to a maximum of 50 ha. The CISFY application and payment is for a maximum five-year period. Young, trained farmers also have one opportunity to apply for the national reserve for entitlements on any naked land that they may own or lease, up to a maximum of 50 entitlements. The value of these entitlements is based on the national average value of entitlements.
Looking at TAMS applications for RFP’s. Registered Farm Partnerships are entitled to claim a maximum spending of €160,000 on eligible investments. There is a separate pot of money for Low Emission Slurry Spreading (LESS) under RFP’s of €60,000 at 60% back and Solar Capital Investment Scheme of €90,000 at 60%. Where there are no eligible young, trained farmers in the partnership the grant aid is calculated at 40% of €160,000. When an RFP has a young, trained farmer and/or a qualify woman in agriculture in the partnership the grant aid is calculated as 60% for potentially the whole €160,00 ceiling.
If you are interested in starting a Registered Farm Partnership, please contact the FDC Agricultural Advisory Team.
The collaborative farming grant is a 50% grant aid payable on the costs of establishing a Registered Farm Partnership. The maximum grant aid available is €1,500.
Overall, the establishment of a Registered Farm Partnership can be highly beneficial under various different circumstances from generation renewal through farm succession, tax incentives and on farm infrastructure development through increased investment ceilings. The closing date for RFP submissions is Friday, 10th of February 2025. Here at FDC, our Agricultural Advisory Team, we have many years’ experience in the setting up of Registered Farm Partnerships. If you are interested in starting a Registered Farm Partnership, please contact the FDC Agricultural Advisory Team.