YFG Calls for Capital Allowances for Smart-Farming Technology

Young Fine Gael is calling for a specific category of smart-farming technology to be included in the Accelerated Capital Allowance (ACA), which is a tax incentive that encourages companies to invest in energy-efficient equipment.

The potential for smart-farming technology to improve farming efficiency and productivity is immense–especially in the areas of IoT agricultural sensors or crop-growth mobile phone applications.

YFG believes that in order to accelerate the transition to smart farms, the Government should consider expanding the current ACA categories to include smart-farming IoT investments.

The proposal is included in Young Fine Gael’s Pre-Budget Submission:┬áStriving for Progress, which was unveiled at the end of August.