“It has been a funny year between two CAPs." \Philip Doyle
ADVERTISEMENT
Banks are nervous of lending to young farmers as a result of the ongoing Belview cheese plant row, Macra na Feirme Land Mobility Service programme manager Austin Finn has told the Irish Farmers Journal.
Banks are reportedly reluctant to issue loans to young farmers while An Taisce launches a further appeal against a High Court judgement on planning permission for the Glanbia cheese plant at Belview, Co Kilkenny.
“Banks' nervousness is an unfortunate side effect of the ongoing cheese plant row. It adds another element of uncertainty,” Finn said.
ADVERTISEMENT
“Young lads going into the bank hoping to supply Glanbia are being asked will they be able to sell their milk.”
Between CAPs
Finn said that uncertainty around the next CAP has resulted in a lot of landowners ‘sitting on the fence’ and in turn reducing land transfers.
“It has been a funny year between two CAPs and has held a lot of land owners back from making any moves until the full details have been confirmed.
“Once clarity comes, I’m predicting a lot of land will become available.”
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.
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.
Banks are nervous of lending to young farmers as a result of the ongoing Belview cheese plant row, Macra na Feirme Land Mobility Service programme manager Austin Finn has told the Irish Farmers Journal.
Banks are reportedly reluctant to issue loans to young farmers while An Taisce launches a further appeal against a High Court judgement on planning permission for the Glanbia cheese plant at Belview, Co Kilkenny.
“Banks' nervousness is an unfortunate side effect of the ongoing cheese plant row. It adds another element of uncertainty,” Finn said.
“Young lads going into the bank hoping to supply Glanbia are being asked will they be able to sell their milk.”
Between CAPs
Finn said that uncertainty around the next CAP has resulted in a lot of landowners ‘sitting on the fence’ and in turn reducing land transfers.
“It has been a funny year between two CAPs and has held a lot of land owners back from making any moves until the full details have been confirmed.
“Once clarity comes, I’m predicting a lot of land will become available.”
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