Help is at hand for debt-laden farmers, advises Teagasc

Teagasc is urging debt-laden farmers to contact their Teagasc adviser, agri consultant or bank manager, as solutions are available.

With the winter feed crisis having severely impeded cash flow on Irish farms, Tom Kelly, director of knowledge transfer in Teagasc, is advising farmers to talk to their farm adviser and bank manager to work out a plan. Teagasc also suggests talking to a farm organisation representative, family, friends or other organisations.

“In many cases, the farm is experiencing short-term cash flow problems. This will recover when conditions improve as the underlying farm business is essentially sound.