Ciaran Mullooly says the incoming EU Agriculture Commissioner confirmed the fund doesn't exist.
A Midlands MEP says there's no budget to support the EU Nature Restoration Law.
The law was a key focus of campaigns during the European Parliament elections in June - with a key focus on compensating farmers affected by the law.
However, it's now emerged during Commissioner hearings the funding doesn't exist.
Independent Ireland's Ciaran Mullooly says he's now seeking urgent clarification from Taoiseach Simon Harris: