Agri-Business
Minister Creed and four banks will appear at the Joint Committee on Agriculture to discuss measures to aid farmers with fodder shortages.
The ICMSA is calling for the early opening of this year's new low-cost agri loan scheme in light of the escalating fodder situation on farms.
A total of 82%, or €54 million, has been drawn down to date under the low-cost loan scheme, according to the Bank of Ireland.
The Minister for Agriculture, Michael Creed said he is very pleased at the positive reaction by farmers to the low-cost loan scheme.
There has been a strong demand for the €150m low-cost loan scheme, according to SBCI Chief Executive Nick Ashmore.
Low-cost loans will be available this week through AIB, Bank of Ireland and Ulster Bank, the SBCI has today confirmed.
Macra calls on the SBCI to include farmers who have restructured overdrafts into term loans in the low-cost loan scheme.
