Forestry is a potential €5m money tree

THE estimated potential harvested value of forestry owned by 14,000 farmers and landowners is close to €5 billion, it was revealed at the weekend.

George McCarthy, chairman, Irish Forest Industry Chain (IFIC), highlighted the potential when a national campaign was launched to boost farm income and rural employment through additional afforestation.

He said this potential represents a vital future income source and pension fund for farmers and their families.