Dáil Éireann Debate, Wednesday - 26 June 2024
143. Deputy Jackie Cahill asked the Minister for Agriculture, Food and the Marine the methodology used to establish the reference costs under TAMS; and to provide the data used to determine the changes in the last review. [27411/24]
View answerFollowing the success of TAMS II, I significantly increased the number of investment items available under TAMS 3 and I also increased the reference costs as appropriate across all schemes, based on a review carried out in late 2022/early 2023.
The reference costs are updated periodically to ensure that they reflect actual/market costs for the construction of farm buildings and facilities, and for farm equipment. To achieve this objective, the review of the reference costs is based on a comparison with receipted costs. For an effective comparison, an adequate number of receipted claims are required.
A further review of the reference costs is envisaged in the second half of this year, with a publication of the revised costs likely in mid-2025.
