The Targeted Agriculture Modernisation Scheme (TAMS) III will continue under the Rural Development Plan in partnership with the new On Farm Capital Investments Scheme under the new Common Agricultural Policy (CAP) Strategic Plan, with tranches opening regularly for the duration of this programme. The On Farm Capital Investment Scheme (TAMS III) aims to provide financial support for technologies, equipment and buildings that boost efficiencies on farm while also improving the environmental impact of farming. TAMS III in collaboration with the On Farm Capital Investment scheme will run for five years (2023-2027) with a budget of €370 million.
What will change?
The new On Farm Investment Scheme will have a particular focus on Young Farmers, Women and Organic Farmers. The higher grant rate allocated to organics will encourage farmers to transition away from traditional practices increasing farm diversification levels within Irish agriculture. Young farmers will also see a major increase in grant aid as high cost associated with capital investment is a major barrier hindering young farmer numbers. The increase in income support will aim to attract young farmers to invest in their farm enterprise. Lastly women are another major group which will receive increased grant aid within the new scheme to encourage new entrants and to provide recognition and gender equality within Irish agriculture.
TAMS III
Tranche 1 of the new TAMS III opened on Wednesday 22 February with solar panels on farms the first available investment. The other investments will become available on a phased basis during Tranche 1. It is anticipated that the first Tranche for all schemes will close on 16 June 2023.
Available Schemes:
TAMS 3 will include 10 schemes with a budget of €89 million for 2023. There are a range of new improvements to the TAMS scheme including increased grant aid rates, investment ceilings, new investments, and new support categories.
- Animal Welfare, Nutrient Storage Scheme (AWNSS) at 40% grant rate, with a €90,000 investment ceiling.
- Tillage Capital Investment Scheme (TCIS) at 40% grant rate, with a €90,000 investment ceiling.
- Pig and Poultry Capital Investment Scheme (PPIS) at 40% grant rate, with a €500,000 investment ceiling.
- Dairy Equipment Scheme (DES) at 40% grant rate, with a €90,000 investment ceiling.
- Young Farmer Capital Investment Scheme (YFCIS) at 60% grant rate, with a €90,000 investment ceiling.
- Women Farmer Capital Investment Scheme (WFCIS) at 60% grant rate, with a €90,000 investment ceiling.
- Organic Farming Capital Investment Scheme (OCIS) at 60% grant rate, with a €90,000 investment ceiling.
- Farm Safety Capital Investment Scheme (FCIS) at 60% grant rate, with a €90,000 investment ceiling.
- Solar Capital Investment Scheme (SCIS) at 60% grant rate, with a €90,000 investment ceiling that is separate from other schemes.
- Low Emission Slurry Spreading Equipment Scheme (LESS) at 60% grant rate, with a €90,000 investment ceiling that is separate from other schemes.
To access the full investment list by scheme and the reference costs follow the link: https://www.gov.ie/en/service/4255c-targeted-agricultural-modernisation-scheme-3-tams-3/
