Phil Hogan highlights MilkFlex-type funds

Traditional bank lending institutions have failed to understand the nature of the agri-food sector and its enormous potential for growth and profitability.

European Agriculture Commisioner Phil Hogan made the claim at the general assembly in Brussels of CEJA, the European Council of Young Farmers, headed by former Macra na Feirme president Alan Jagoe from Carrigaline.

Noting that other players are “taking the bull by the horns,” Mr Hogan referred to the innovative MilkFlex Fund in Ireland.