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Loans for farm investments slow as cashflow issues impact on farms.
Chris Nolan AIB agri advisor for Kilkenny, Tipperary and Waterford spoke about interest rates at IFA's farm finance meeting in Kilkenny recently.
AIB, Bank of Ireland, PTSB and the credit unions made presentations at a meeting for farmers who want to transfer merchant/co-op and contractor debt into structured bank credit.
Irish farmers have been facing challenges due to prolonged and unseasonal weather since July 2023.
The couple, who are aged in their early 60s, say that they derive their income from their farm, which they claim is 90ac in total. Aodhan O'Faolain reports.
Higher than expected interest rates contribute to strong set of results from AIB for first half of 2024.
Get the latest farming news from our news team.
The uncertainty around the future of the derogation is hitting farmer confidence, according to one of the pillar banks.
The Ireland Strategic Investment Fund will commit €125m to a new fund aimed at renewable energy generation, energy storage solutions and grid infrastructure investments.
