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Proposed new forestry premium payments

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

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We employed Forestry Services to deal with our wind farm tree felling and replanting issues. We were very pleased with the outcome and the way they went about their business. They took ownership of the issues involved and the experience that they brought to bear in terms of finding suitable forestry locations and in their dealings with the Forestry service allowed that portion of the project to progress in a smoothly and in a timely manner. I would have no issue in recommending Forestry Services and intend to use them again in the future.

Dave McNamara

Director Seahound Wind Developments, Co. Clare

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