IFA meet banks to explore finance options for dairy farmers

Acting upon the plan developed by the IFA National Dairy Committee to assist farmers with any potential cashflow issues due to the substantial drop in milk price, an IFA delegation met with representatives from AIB and Bank of Ireland last week.

The purpose of the meeting was to explore what financial support options are available to dairy farmers.

IFA Dairy Committee Chair Stephen Arthur said, “Farmers should recognise, quantify and communicate their needs to their bank sooner rather than later was the advice,” he said.

IFA plans to meet other financial providers in the short-term and will issue a guidance document to its members on all options available.