Agri-Business
The MilkFlex Loan Fund has this month surpassed €100 million in loans issued to Glanbia Ireland dairy farmers.
MilkFlex was established in 2016 to provide dairy farmers with an innovative loan arrangement to deal with price volatility and disease.
A quarter of all applications under the second round of the MilkFlex scheme have been submitted from suppliers of Lakeland Dairies.
Dairy
Finance Ireland's lending to Irish dairy farmers has now surpassed €100 million and is growing, the entity has claimed.
Lakeland Dairies has hosted a series of workshops at four locations to provide milk suppliers with information on the new MilkFlex scheme being provided by Finance Ireland.
Aurivo has hosted a series of information sessions to launch the MilkFlex loan scheme which is now available to its dairy farmers.
The national roll-out of the MilkFlex scheme has been welcomed by the ICSMA, which believes it could be a "very useful option" for farmers.
Plans are in place to make the MilkFlex loan product available through participating co-ops across Ireland, Finance Ireland has announced.
The average loan amount dairy farmers expressing initial interest in Glanbia's Milkflex is more than €75,000, according to the company charged with running the loan service.
A group of so-called 'concerned' Glanbia shareholders met this week over the co-ops new cheap loan initiative Milkflex.
