Ulster Bank launches €60k loan scheme for farmers

Ulster Bank is to launch a loan product worth up to €60,000 per customer aimed at helping farmers improve grassland management practices and grow their profits.

The first ever pasture loan, available to new and existing customers across the island of Ireland will see credit extended to farmers for up to five years.

Loans of up to €60,000 will be available, with the product designed to assist dairy, beef and sheep farmers who are seeking to improve their grass production and utilisation.