Minister Must Move on Low-cost Loans to Help Address fodder Deficit and Resulting Income Crisis
Commenting on the latest Teagasc National Fodder Survey which shows a deficit of three million tonnes, IFA President Joe Healy said it is clear that farmers will need more help to close this gap.
“The fodder shortfall only tells half the story. Many farmers have closed the fodder gap by feeding meal during the summer and buying fodder. They are at their wits end and need help now,” he said.
In particular, Joe Healy cited the promised low-cost loans which he said must be introduced by Minister Creed immediately. “The loans must be for working capital, and not just capital investment.”
“Making investment loans available to farmers at the moment is like arriving with a cement mixer when someone’s house is on fire. Farmers need help to buy fodder and clear bills and they need it now,” he said.