Agri-Business
The government has been called on by the IFA to roll out the new Future Growth Loan Scheme (FGLS) and the Covid-19 Credit Guarantee Scheme.
The Future Growth Loan Scheme has received a boost of €200 million in funding from the Department of Business Enterprise and Innovation.
Details regarding the launch of a new low-cost loan scheme for farmers are expected to be announced "shortly", Minister Michael Creed said.
The SBCI is limited in terms of its ability to bring loan schemes to market by the inability of the market to absorb more than one scheme at a time.
Agri Politics
The Government must "urgently follow up" on its latest announcement of a new €4.25 million Fodder Import Support Measure.
A new low-cost loan scheme is scheduled to be up and running in the second half of 2018, Minister for Agriculture Michael Creed confirmed.
Low-cost loans will be available this week through AIB, Bank of Ireland and Ulster Bank, the SBCI has today confirmed.
The low-cost loan scheme will open by the end of January, the Minister for Agriculture, Michael Creed, confirmed this week.
Macra calls on the SBCI to include farmers who have restructured overdrafts into term loans in the low-cost loan scheme.
It is expected that this week will see the announcement of which banks have been accepted to deliver the €150m low-cost loan scheme.
The low-cost loan scheme, which was announced in Budget 2017, is expected to open for applications in early 2017.
To help farmers with the current cashflow difficulties they are facing, the Minister for Agriculture, Michael Creed, announced a low-cost loan scheme as part of Budget 2017.
The Strategic Banking Corporation of Ireland (SBCI) has today invited banks and other lenders to take part in the €150m Agri Cashflow Support Loan Scheme.
Further details regarding the loan fund of €150m which is to support low-cost loans for farmers have been revealed by the Minister for Agriculture.
Low-cost loans appear to be on the way for farmers, as the Minister for Agriculture Michael Creed gave the first indications that he intends to introduce such a measure.
Fine Gael TD Pat Deering stopped short of saying the the EU's €11m fund will be used to fund low-cost loans for Irish farmers.
