Banks offer special loans for agricultural development
Meanwhile, the Bank of Ireland held an agricultural seminar recently in Macroom at which their business and agricultural manager, Sean Farrell outlined their facilities for farmers. He said BoI has a special fund of €200m, which can be increased if required, for the development and expansion of farming and that they were very optimistic about the future of agriculture.
He said there will be challenges ahead, particularly price volatility. The key criteria for borrowing is capacity to repay. Allowance must also be made for unexpected costs.
