ICSA chief pours scorn on Minister’s failure to roll out low cost loan scheme for crisis hit farmers

Cash flow problems ‘crucifying cattle and sheep sector.’

Sligo News File

ICSA president Patrick Kent has said he’s “disappointed” that the Minister for Agriculture Michael Creed “is not moving heaven and earth” to provide a low interest loan scheme for crisis hit farmers.

Patrick Kent, president, ICSA

Commenting following a meeting with the Minister in Agriculture House on Thursday, the ICSA chief said cash flow difficulties “are crucifying cattle and sheep farmers who have used up all their credit facilities at this point.”

He said:

“The latest advice from Teagasc is to get fertiliser out as soon as possible. However, they are failing to understand the true extent of the precarious position many farmers are in. These are farmers who don’t receive a monthly cheque and with credit limits already overshot buying in meal, many are unable to secure credit for fertiliser supplies.

“Small and medium sized farming enterprises have an immediate need for working capital.”

ICSA, he said, has impressed on Creed that “working capital of up to €10,000 for as many farmers as possible demands urgent consideration if farmers are to have any chance of coming out of this crisis in one piece.”