Stephen Cadogan: EU banks urged to open their doors to farmers
The EU Commission carried out surveys of 6,550 EU farmers (including 150 in Ireland), to discover how many economically viable farmers were unable to access bank loans.
The EU has called on banks to open their doors to farmers, after revealing the unmet demands of farmers across the 27 member states for financing by banks reached €62bn in 2022. It increased from €33bn in 2017.
The farm funding gap in Ireland reached €2.48bn, up from €1.04bn in 2017.
