Agri-Business
IFAC's Irish Farm Report 2019 points to investing in renewable energy and how it can help farmers to diversify their income.
There is a lot of security to be gained by having a pension plan in place, a senior financial advisor with IFAC has warned.
According to IFAC's senior financial advisor Teresa Beirne there are pensions available to suit every farmer these days.
The tax side of matters, while important, cannot be explored until farmers have considered a number of factors including their will.
The launch of the IFAC Irish Farm Report 2019 heard that 86% of Irish farmers have no succession plan in place.
There is now a massive demand for pork on the international market due to the outbreak of African swine fever in Asia.
IFAC farm report indicates that the average borrowings per sheep farm in Ireland is just under €20,000 and investment in the sector is low.
