Selling Livestock This Week? Security of Payment Is Critical
IFA National Livestock Chairman Angus Woods is reminding that security of payment for farmers selling livestock is absolutely critical and farmers should avoid exposure to payment risk.
Angus Woods said that by selling livestock in their local mart, farmers can ensure security of payment as well as open market competition and the top prices.
The IFA livestock leader said farmers should insist on payment on the day for all other sales to factories, live exporters or farm-to-farm sales. He said, with electronic banking and bank drafts farmers can minimise their risk and exposure on the security of payment.