Plan for €200m Agricultural Loan Scheme for low cost loans to Irish agriculture

Loans would be backed by biggest private bank
Plan for €200m Agricultural Loan Scheme for low cost loans to Irish agriculture

The Agricultural Loan Scheme being developed with the European Investment Bank could bring €200 million of low cost loans to Irish agriculture, at both farmer and co-op level, says ICOS European Affairs Executive Conor Mulvihill.

At the recent ICOS National Conference, EU Agri Commissioner Phil Hogan gave an update on progress with the Scheme, which he said is very much needed in the context of increased volatility, and would bring the certainty needed to drive growth.

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