The McCann family farm at the centre of a protest after being briefly listed online for auction by property agents BidX1 was in limbo this Monday.
"The auctioneer for BidX1 contacted the IFA to say they were pulling out of the auction," Claire McCann told the Irish Farmers Journal.
Claire is the wife of Michael, who runs the 38ac dairy goat farm in Trim, Co Meath, with his brother Gerard.
No direct contact
Claire added that she heard the news through the IFA, but had no direct contact with so-called vulture fund Promontoria, which has been threatening to sell the land since taking over the family's loan from Ulster Bank.
"We're just waiting to see what happens next," she said.
IFA farm business chair Martin Stapleton welcomed the move by BidX1 and called on Promontoria to have direct engagement with the IFA and the farmers.
"[The] IFA is sick of dealing with endless intermediaries on behalf of these funds. It is time for them to put faces to their company and sit down with [the] IFA and try to resolve cases," he said.
They'll have to sit down with the family
ICSA rural development chair Seamus Sherlock said it is clear that the sale cannot proceed after last week's protest and Promontoria must now accept negotiations.
"They'll have to sit down with the family and work out a solution," he told the Irish Farmers Journal.
Read more
‘They’ll leave us without a home’ – farmers fight vulture fund sale
Wexford land dispute de-escalates as corn harvested
Vulture funds easier to deal with than banks says minister
The McCann family farm at the centre of a protest after being briefly listed online for auction by property agents BidX1 was in limbo this Monday.
"The auctioneer for BidX1 contacted the IFA to say they were pulling out of the auction," Claire McCann told the Irish Farmers Journal.
Claire is the wife of Michael, who runs the 38ac dairy goat farm in Trim, Co Meath, with his brother Gerard.
No direct contact
Claire added that she heard the news through the IFA, but had no direct contact with so-called vulture fund Promontoria, which has been threatening to sell the land since taking over the family's loan from Ulster Bank.
"We're just waiting to see what happens next," she said.
IFA farm business chair Martin Stapleton welcomed the move by BidX1 and called on Promontoria to have direct engagement with the IFA and the farmers.
"[The] IFA is sick of dealing with endless intermediaries on behalf of these funds. It is time for them to put faces to their company and sit down with [the] IFA and try to resolve cases," he said.
They'll have to sit down with the family
ICSA rural development chair Seamus Sherlock said it is clear that the sale cannot proceed after last week's protest and Promontoria must now accept negotiations.
"They'll have to sit down with the family and work out a solution," he told the Irish Farmers Journal.
Read more
‘They’ll leave us without a home’ – farmers fight vulture fund sale
Wexford land dispute de-escalates as corn harvested
Vulture funds easier to deal with than banks says minister
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