The Agriculture Minister says a list of key actions were agreed – aimed at addressing the concerns of beef farmers, including issues concerning weight specifications.
There are to be no price penalties based on weight until the end of next year and beef processors will provide a price incentive for animals from Quality Assured farms from the first of January next.
Two protests have taken place at meat plants across the country in recent weeks including at facilities in Roscrea, Nenagh and Cahir.
In a statement, the ICSA said it was pleased to see movement on its key demands, while the IFA said the beef protest sent a clear message to meat factory bosses that farmers must be treated fairly and with respect.
Agriculture Minister Simon Coveney welcomed the agreement, saying it represents the best possible outcome from the negotiations.