32. Deputy Albert Dolan asked the Minister for Agriculture, Food and the Marine his plans to introduce or expand a dedicated farm succession scheme to support the timely transfer of family farms to the next generation; the measures he is considering to encourage earlier succession and generational renewal, particularly in counties such as Galway; and if he will make a statement on the matter. [51679/26]

Farm succession is a key priority for the Government to ensure the long-term sustainability and competitiveness of Irish agriculture. A range of supports are in place to encourage timely succession, facilitate generational renewal and assist young farmers in establishing viable farm businesses.

Ireland’s CAP Strategic Plan 2023-2027 provides substantial resources to achieving generational renewal. There are also strong national taxation measures to facilitate succession and assist land mobility. In addition the Growth and Sustainability Loan Scheme (GSLS) provides low-cost, long-term investment loans up to ten years, and is a viable source of finance for young farmers. Teagasc education and knowledge activities focus on equipping young farmers with necessary education, training and advice to build long and successful careers in farming.

It is worth restating that the Report of the Commission on Generational Renewal in Farming estimated that total financial support to generational renewal in Ireland was some €428.6m in 2024.

It is also worth noting that the Commission on Generational Renewal in Farming stated that this is an issue for all agri-food stakeholders to address; to support the environmental, social and economic sustainability of farming, and to enhance its image as a career.

Regarding any formal farm succession scheme, we are engaging with the 10 recommendations in the Report around CAP supports. These will need to be considered in the context of the new round post 2027, including the new CAP regulation and the new budget, and in stakeholder consultations.

The challenge of attracting young people into a career in farming is widely recognised, both at national and EU level. The most recent figures show that only 4.35 % of farmers are under 35 years of age, and some 37% of farmers are over 65. Demographic challenges for the agricultural sector are not unique to Ireland, and these figures are similar for the EU as a whole.

The Programme for Government prioritises “supporting inter-generational farm succession”. Supporting young farmers and facilitating generational renewal is critical to ensure a bright future for the agri-food sector. And while supporting young farmers and new entrants, it is also important to consider the position of older and retiring farmers.