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IFA Farm Business Chairman Martin Stapleton said farmers share the frustration expressed by the head of the Credit Review Office John Trethowan about the inflexibility of banks in dealing with customers.

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IFA President Joe Healy has announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases.

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IFA Farm Business Chairman Martin Stapleton has said there is an urgent need to address excessively high interest rates for farm enterprises and other small businesses.

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IFA President Eddie Downey has said the high cost of borrowing faced by farmers who are investing in their businesses is unacceptable and must be addressed.

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