Macra na Feirme met the Strategic Banking Corporation Ireland (SBCI) recently to discuss the rollout of the new agri loan scheme and other young farmer credit line options. Term loans are not part of the scheme.

Speaking at the meeting, Macra na Feirme national president Seán Finan said: “We welcome the low-interest loan scheme but having received feedback from a number of young farmers across the country, we were very clear with the SBCI that those farmers who acted responsibly and who restructured their overdraft debt to a term loan need to be included as part of this new loan scheme.”