In the event that stocking rate limits are lowered in the nitrates derogation, both AIB and Bank of Ireland have said that any changes to the derogation will be factored into their lending policies.

The upper stocking rate limit could drop from 250kg organic nitrogen per hectare to 220kg organic nitrogen per hectare if water quality doesn’t improve by 2023 – a condition which IFA dairy chair Stephen Arthur said “slipped under the radar.”