Noonan urged to strengthen future of young Limerick farmers

first_imgWhatsApp Facebook Advertisement TAGSlimerickMacra na Feirme Email Previous articleCould Limerick have the best take-away?Next articleLimerick rower fighting for her life after freak fall Staff Reporterhttp://www.limerickpost.ie Linkedin Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Print RELATED ARTICLESMORE FROM AUTHORcenter_img Twitter Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Limerick Ladies National Football League opener to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick’s National Camogie League double header to be streamed live NewsNoonan urged to strengthen future of young Limerick farmersBy Staff Reporter – September 6, 2016 683 The capital expenses of young Limerick farmers should be written off against income tax in the first year, according to Macra na Feirme.YOUNG farmers in Limerick and throughout the country need the financial support of Government and the Minister for Finance in the upcoming budget, according to Macra na Feirme in their 2017 Pre Budget Submission.Capital taxes and reliefs are top of the agenda for young farmers with Macra calling for the introduction of a Capital Allowance system similar to the UK where farmers can write off larger amounts of capital expenditure in the first year against income tax.Sign up for the weekly Limerick Post newsletter Sign Up Macra says that the future of farming relies on young farmers who need the necessary resources and supports to develop their farm business and fulfil the expectations of Food Wise 2025.Supporting generational renewal, driving competitiveness, access to credit, land mobility, supporting education, advisory and research, tackling income volatility and supports for both rural youth and youth development work and farm safety are all contained in Macra’s pre budget submission.Another point of the submission is calling on Government to help support female farmers as Macra is proposing the introduction of aid to cover the cost of replacement labour during maternity leave.Macra’s national president Sean Finan said, “Our Pre Budget submission focuses on strengthening the future for young farmers and rural youth. Our proposals set out the building block that need to be put in place in the budget to create an environment within which young farmers can establish themselves in the industry and have a successful career.The main points of the submission are:· The extension of young farmer stamp duty relief on purchases of land up to 40 years of age and the increase in the Capital Acquisition Tax threshold that farmers can receive as gift or inheritance is also being sought to reflect increasing property values and to encourage the early transfer of farms.· For income tax relief, Macra are seeking greater flexibility in the implementation of the 100% young farmer Stock Relief to reflect farm development and growth plans of young farmers. An extension of the land leasing tax incentive to include parent and children for one term of seven years is also being proposed.· To help support female farmers Macra is proposing the introduction of aid to cover the cost of replacement labour during maternity leave.· To aid competitiveness in the sector the organisation is calling for the introduction of a fund to encourage young farmers to engage in better grass utilisation, a key target in the Food Wise 2025 report. Future amendments to the Rural Development Program should include a focus on supporting grazing infrastructure under the TAMS scheme.· Income volatility is a major issue and Macra has lobbied for a number of years for a measure to encourage farmers to put away some income in a good year and have access to this money in a tax efficient manor in a year of poor returns. Volatility is one of the biggest issues facing all farmers and the government needs to look at introducing an effective mechanism to tackle the damaging effects of volatility on farmers.· On access to credit for young farmers Macra is seeking the introduction of funding from the European Investment Bank which is available to member states to access through the Rural Development Program.· Agricultural education, advisory and research are essential support mechanisms for young farmers and these need to be further supported.· For the development of rural youth who are the engine for growth and development in rural areas, Macra is calling for various measures including adequately financial resources to be provided in this budget for the provision of youth mental health services. There are also a number of measures that remain to be implemented and adequately funded under the report by the Commission for the Economic Development of Rural Area including the provision of quality high speed broadband to all rural areas.· Finally an increase in the investment in youth work through the Youth Services Grant Scheme is essential for Macra to provide services to help train and develop rural youth in leadership and personal development. Predictions on the future of learning discussed at Limerick Lifelong Learning Festival last_img read more


First Look at the Mortgage Performance Stats

first_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, News Sign up for DS News Daily Related Articles Tagged with: Black Knight Financial Services First Look Foreclosure Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: The Week Ahead: Will Home Price Appreciation Fall Further? Next: B2R Finance Welcomes New Senior Vice President Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. center_img The Best Markets For Residential Property Investors 2 days ago August 21, 2016 1,019 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / First Look at the Mortgage Performance Stats The Data & Analytics division of Black Knight Financial Services, Inc. recently released the “first look” at July 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.According to the report, it was noted that by the end of June, despite the ‘Brexit’ vote as well as mortgage rates hovering near all-time lows and the population of refinanceable borrowers swelling to 8.7 million, Black Knight determined that prepayment speeds, which are usually a historically good indicator of refinance activity, fell by 12 percent in July.The report states that the national delinquency rate jumped close to 5 percent from June. This rate rose above 4.5 percent for the first time since February.Black Knight notes though that with July ending on a Sunday, and in such cases, any payments made on the last two days of the month can’t be processed until the following month, which typically leads to a spike in the delinquency rate.The report says that with this being the case, it’s very likely that there will be an August decline seen as it’s also typical to see a partial, though not usually full, recovery the following month.Additionally, the July foreclosure starts were reported to be 61,300 which is a 12 percent decline from last month and was the second lowest monthly total in 10 years.Likewise, the report shows that the inventory of loans in active foreclosure continued its long-term downward trend. It fell 20 percent year to date to 550,000 active foreclosures. This number hit its lowest point since July 2007.Black Knight also reports that non-current rates continue to climb from six months ago in North Dakota, Alaska and Wyoming. This due to the impact on mortgage performance from sustained pressure on the oil and gas sector.Finally, it was reported that prepayment activity fell in July despite overall growth in the number of refinance candidates and 30-year interest rates remaining at or below 3.45 percent for much of the month.Black Knight will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online by September 6, 2016. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save First Look at the Mortgage Performance Stats Black Knight Financial Services First Look Foreclosure 2016-08-21 Kendall Baer About Author: Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more


Ingles, Jazz keep Grizzlies winless in bubble, 124-115

first_imgAugust 5, 2020 /Coronavirus (COVID-19) related news and sports stories, Sports News – Local Ingles, Jazz keep Grizzlies winless in bubble, 124-115 FacebookTwitterLinkedInEmailLAKE BUENA VISTA, Fla. (AP) — The Utah Jazz kept the Memphis Grizzlies winless in the NBA bubble with a 124-115 victory.Joe Ingles scored 12 of his 25 points in the fourth quarter, and Mike Conley had 23 points and seven assists against his former team as the Jazz improved to 2-2 in the seeding round and nudged ahead of Houston for the fourth spot in the Western Conference standings.Dillon Brooks scored 23 points, while Grayson Allen had a career-high 20 points and six 3-pointers as the Grizzlies dropped to 0-4 in the seeding round. Tags: Joe Ingles/NBA/Utah Jazz Porter Huntsman Written bylast_img read more


Wayne Brady Struts Over to School of Rock Before Getting Kinky

first_img Show Closed This production ended its run on Jan. 20, 2019 Related Shows View Comments School of Rock – The Musical The multitalented Wayne Brady is getting ready to step into the Tony-winning musical Kinky Boots on November 21. But before his big Broadway return, the performer checked out the joyous School of Rock at the Winter Garden Theatre. Brady rocked, rolled, got schooled and congratulated head rocker Alex Brightman and his pocket-sized bandmates after the show. Rock on, Lola!last_img


Oil hits five-month highs as US producers cut output ahead of hurricane

first_imgUS producers cut crude output ahead of Hurricane Laura at a rate approaching the level of 2005’s Hurricane Katrina and also halted most oil refining along the Texas/Louisiana coast.Laura is expected to strengthen into a major hurricane with 115 mile per hour (185 kph) winds before it strikes the coast near the Texas-Louisiana border early Thursday, according to the US National Hurricane Center.On Tuesday, producers had evacuated 310 offshore facilities and shut 1.56 million barrels per day (bpd) of crude output, 84 percent of Gulf of Mexico’s offshore production, near the 90 percent outage that Katrina brought 15 years ago.“Today’s strength was again almost entirely attributable to storm concerns,” said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois, noting the storm factor would likely overshadow the weekly storage report from the US Energy Information Administration (EIA). Analysts forecast US crude stockpiles fell for a fifth week in a row last week, according to a Reuters poll conducted ahead of reports from the American Petroleum Institute (API) at 4:30 p.m. (2030 GMT) on Tuesday and the government on Wednesday.“Overall, hurricanes may be limiting supply this week … but the market will soon again focus on the biggest hurricane of them all, COVID-19,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy.Europe is seeing a rise in coronavirus cases, including re-infection. Two re-infections were reported in Europe and one in Hong Kong.Elsewhere, US and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal.Topics : Crude oil prices rose to a five-month high on Tuesday as US producers shut most offshore output in the Gulf of Mexico ahead of Hurricane Laura even as rising coronavirus cases in Asia and Europe capped gains.Brent futures LCOc1 rose 73 cents, or 1.6 percent, to settle at US$45.86 a barrel, while US West Texas Intermediate (WTI) crude CLc1 rose 73 cents, or 1.7 percent, to settle at $43.35.That was the highest closes for both benchmarks since March 5, the day before Saudi Arabia and Russia failed to agree on a new plan to cut output and about a week before the World Health Organization declared COVID-19 a pandemic.last_img read more