Proposed new forestry premium payments
The Government has recently
announced increases of between 46%
and 66% in annual income tax free
forest premium payments, with
payments now extended to 20 years
for farmers.
Grants & Premiums will be payable on 12 new Forest Types (FT) with
annual income tax free premiums ranging from €746 per hectare to €1142
per hectare.
The new Native Tree Area Scheme allows for premiums to be paid over 10
years meaning up to €2,284 per hectare per year for 10 years can be
secured. This scheme will work very well with the new ACRES agri
environmental scheme.
The new Forests for Water Forest Type also provides for an additional
payment of €1,000 per hectare to the landowner on completion of
planting.
The proposed new premium rates are detailed in the table below.
| FT | Forest Type | Proposed Annual Premium/Ha | Proposed number of premiums for non farmers | Proposed number of premiums for farmers |
| FT1 | Native Forests | €1,103 | 15 | 20 |
| FT2 | Forest for Water | 1,142 | 15 | 20 |
| FT3 | Forests on Public land | N/A | N/A | N/A |
| FT4 | Neighbour Woods | €1,142 | 15 | 20 |
| FT5 | Emergent Forests | €350 | 15 | 20 |
| FT6 | Broadleaf, mainly Oak | €1,037 | 15 | 20 |
| FT7 | Other Broadleaf | €973 | 15 | 20 |
| FT8 | Agro Forestry | €975 | 10 | 10 |
| FT9 | Seed Orchards | €1,142 | 15 | 20 |
| FT10 | Continuous Cover forestry | €912 | 15 | 20 |
| FT11 | Conifer 20% Broadleaf | €863 | 15 | 20 |
| FT12 | Spruce, 20% broadleaf | €746 | 15 | 20 |
The landowner remains the owner of the land and the timbe
