Cashflow issues for third of agri-food firms

Net profit has only improved for three in 10 businesses

Ifac has said in its new report that ‘this year’s findings reveal that plenty of red flags abound for business owners’.

A third of Irish agri-businesses are reporting late payments from customers, with 35% saying they are experiencing short or medium term cashflow issues, a report published today has shown.

The research, conducted in July and August 2023, includes the views of nearly 75 leaders who run some of our island’s most innovative food businesses and agri-businesses.