IFA: Dairy farmers in urgent need of low-cost loans

IFA dairy chairman Sean O’Leary has asked Agriculture Minister Michael Creed to show greater urgency in introducing low-cost, flexible cashflow loans for farmers.

Proposed by the IFA, the loans are expected to come with built-in repayment breaks to ease farmers’ 2016 cashflow difficulties.

The promise of improving milk prices in the coming months will not ease cashflow issues in the short term.