Funding paid out under the Organic Farming Scheme in the first year of the new CAP Strategic Plan increased majorly, rising by over €35m to top just over €48m. The almost four-fold increase in payments is stemming from a combination of higher payments and more participants. The average payment per holding was recorded at in excess of €12,200 per farm compared to over €6,200 in the previous year. The number of participants receiving a payment also almost doubled, growing from 1,973 participants to 3,932 in 2023.