A Donegal mink farm is one of three across the country which will share up to €8M as the Government moves closer to banning fur farming here.
The Donegal operation is located outside Glenties.
Fur farmers will receive the payments to close down operations as well as to make redundancy payments and demolish their farms.
Agriculture Minister Charlie McConalogue told Ministers in a memo that his department will proceed with the banning of fur farming.
There are approximately 120,000 mink on three farms in counties Laois, Donegal and Kerry.
The new legislation will include a ban on the farming of cats, chinchillas, dogs, foxes, mink and weasels (including stoats) for their fur or skin.
The fur farming prohibition is not expected to begin until early in 2022, allowing the farmers to see out the 2021 season.