Almost half of farmers expect climate change policies will hurt their business
The latest Agri Pulse survey by Bank of Ireland found that almost half of farmers believe climate change policies will negatively impact their business.
Dr Loretta O'Sullivan, chief economist at Bank of Ireland
ADVERTISEMENT
A new survey by lender Bank of Ireland shows that almost half of its farmer customers expect climate change policies will have a negative impact on their business over the next three years.
Livestock
With the Green Party engaged in Government formation talks, 46% of farmers responding to Bank of Ireland’s Agri-Pulse survey think that new climate change policies will hurt their business in the form of mandatory reduction of livestock numbers, restrictions on the use of fertiliser and sprays, increased compliance costs as well as the introduction of higher carbon taxes.
ADVERTISEMENT
Less than a third (28%) of farmers think that new climate policies will be positive for their business, citing benefits such as a better environment, more efficient and sustainable farming and the potential for grants and funding supports.
According to Dr Loretta O’Sullivan, chief economist with Bank of Ireland, seven in 10 farmer customers also report that the COVID-19 shock has had a negative impact on their business.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: Almost half of farmers expect climate change policies will hurt their business
The latest Agri Pulse survey by Bank of Ireland found that almost half of farmers believe climate change policies will negatively impact their business.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
A new survey by lender Bank of Ireland shows that almost half of its farmer customers expect climate change policies will have a negative impact on their business over the next three years.
Livestock
With the Green Party engaged in Government formation talks, 46% of farmers responding to Bank of Ireland’s Agri-Pulse survey think that new climate change policies will hurt their business in the form of mandatory reduction of livestock numbers, restrictions on the use of fertiliser and sprays, increased compliance costs as well as the introduction of higher carbon taxes.
Less than a third (28%) of farmers think that new climate policies will be positive for their business, citing benefits such as a better environment, more efficient and sustainable farming and the potential for grants and funding supports.
According to Dr Loretta O’Sullivan, chief economist with Bank of Ireland, seven in 10 farmer customers also report that the COVID-19 shock has had a negative impact on their business.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS