Farm credit union loans up 33% as National Cultivate Week set ot begin

First ever National Cultivate Week, March 27 to April 2, celebrates farmers' commitment to their local community  

National Cultivate Week 2023: Aine Doyle, Enniscorthy Credit union, Siobhan Donnelly, Cara Credit Union, Agriculture Minister Charlie McConalogue, and Siobhan Durack, Derg Credit Union. Picture: Therese Aherne

Farmer loan applications to Cultivate Credit Unions across Ireland rose 33% in total value during 2022, with 65% of all Cultivate loans being given to beef farmers and 21% to dairy farmers.

Cultivate has released the findings from a review of the 2022 loan applications ahead of launching its inaugural National Cultivate Week from March 27 to April 2.