Agri-Business
Farmers have been urged to look "honestly" at their financial position and talk to banks and lenders as a "cashflow deficit" is looming.
The Minister for Agriculture has urged financial institutions to "take a sympathetic approach" when dealing with farmers and contractors.
In February, new legislation was signed that strengthens Ireland’s framework for reviewing bank credit decisions affecting farmers.
Tánaiste and Minister for Finance Simon Harris and Minister of State Robert Troy have welcomed the signing of the Credit Review Bill into law.
Dairy
The ‘pillar’ banks have been urged to support farmers with fairer and more realistic interest rates and loan flexibilities in 2026.
Irish banks and credit unions are being called on to pass interest rate cuts announced by the ECB back to farmer borrowers.
Following the announcement last week by the European Central Bank (ECB) of another interest rate...
Agri Politics
The availability of accessible and affordable bank finance will be key to delivering additional nutrient storage on dairy farms, the IFA said
Bank of Ireland told a meeting of the NFFSC that it is "beginning to see the first signals of cash flow tightness" on farms.
Now is a good time to assess the farm's financial situation and what cashflow currently looks like on your enterprise.
The ICMSA has discussed several issues affecting farmers with AIB and Bank of Ireland, including interest rates available to them.
Bank of Ireland has reduced downwards its outlook for farm profitability in 2024 as the poor weather conditions continue to take a toll.
The president of the Irish Creamery and Milk Suppliers Association (ICMSA), Denis Drennan has said banks need to build "personal relatio....
N.Ireland
Banks in NI are confirming that they recognise the impact of the continuing bad weather on farm cash flows.
AIB has warned that the transition to "more climate friendly" methods will be a key challenge for agriculture in 2024.
Milk producers in Northern Ireland are being strongly urged to complete six-month cash flow forecasts on a regular basis.
The Ulster Farmers' Union (UFU) has said banks must do more to help farmers get through the financial storm affecting all enterprises.
Following the publishing of the AIB half-yearly financial report, the agri advisor team noticed an 'increased new money demand'
The president of the Irish Creamery Milk Suppliers' Association (ICMSA) has called on the...
Farmers in Northern Ireland impacted by bovine tuberculosis (bTB) are coming under significantly enhanced cost burdens
The Irish Creamery Milk Suppliers' Association (ICMSA) has called for a guarantee on future banking services across the country.
A TD has welcomed a decision by AIB to reverse plans to make 70 branches "cashless" but said reputational damage has been done to the bank.
Rural Life
Banking services in rural Ireland are now approaching extinction, the Irish Farmers' Association (IFA) has claimed.
