IFA meets with banks over potential cashflow issues on farms due to substantial milk price drop

IFA said banks advised that farmers should be encouraged to get in touch early if they need support.

IFA liquid milk chairman Keith O’Boyle said it’s vital that farmers spend time looking at all the options as the terms and interest rates applicable vary considerably.

An Irish Farmers' Association (IFA) delegation met with banks this week to discuss what financial support options are available to dairy farmers.

The IFA has raised concerns around potential cashflow issues due to the substantial drop in milk price seen this year.