Lending institution Finance Ireland is in talks with co-ops to offer loans with repayments adapted to milk supply conditions to dairy farmers outside Glanbia, which has been pioneering the scheme since 2016.

Farmers can borrow up to €300,000 over eight years through participating co-ops under the MilkFlex scheme to finance working capital and investments, except the purchase of land, or refinance some existing loans. No security is required but Finance Ireland will assess the business strength of each application.