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Commenting on today’s loan sale by AIB, IFA President Joe Healy said the Association has had significant and ongoing engagement with AIB in recent weeks, during which AIB gave a commitment to IFA that any family farm homes would be excluded from any loan sales.

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IFA Farm Business Chairman Martin Stapleton has written to the three main banks urging them to support their farming customers who are facing further problems with the continued bad weather.

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IFA President Joe Healy has said attempts by local authorities to deem farmland ‘vacant’ for the purposes of the vacant site levy are completely unacceptable and not in line with the intention of the legislation to bring in such a levy.

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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 Farm Business Chairman Martin Stapleton has reiterated IFA’s call on Government and the Minister for Finance, Paschal Donohoe that funds which purchase loans must be regulated.

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