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The loan type was first launched in November 2023 and Bank of Ireland said it has been very popular among dairy farmers conducting milking parlour upgrades and installing wastewater.
AIB, Bank of Ireland, PTSB and the credit unions made presentations at a meeting for farmers who want to transfer merchant/co-op and contractor debt into structured bank credit.
While Bank of Ireland said there is a €1.6bn investment opportunity for biomethane in Ireland, traditionally, pillar banks have been wary of the sector due to the high level of risk .
With many farmers finding themselves in difficult financial situations after a challenging winter, the ICMSA has advised anyone worried about their farm finances to engage early with their bank.