Preparing the sector for expansion

The next decade will see considerable change in the Irish agri-food sector as growth and expansion of production are more of a focus than at any time over the past three decades.

Ambitious growth targets for all sectors have been detailed in the Food Harvest 2020 report and the planned removal of the EU milk quota in 2015 offers the dairy sector the first real opportunity to expand production since the quota regime was first introduced.

At AIB we have seen strong demand for credit for on-farm investment both for expansion purposes and general upgrading of facilities. It is our expectation that this investment will continue to be strong over the medium term.