Farmer accountancy firm ifac has announced the acquisition of Cashminder for an undisclosed sum. Cashminder is a digital cash management system developed by farm software company AgriNet and first launched in 2016.

The system is designed to allow farmers track their cashflow and provide relevant financial data to their accountant, farm adviser and the Teagasc profit monitor. Cashminder also receives data from online banking and dairy co-op systems.