Dáil Éireann Debate, Thursday - 26 January 2017
194. Deputy Charlie McConalogue asked the Minister for Agriculture, Food and the Marine if, under the new agri-fund loan scheme the SBCI will provide, funds will be loaned to farmers for the purchase of livestock; and if he will make a statement on the matter. [3645/17]
Amharc ar fhreagraThe innovative “Agriculture Cash Flow Support Loan Scheme”, developed by my Department and the SBCI, will provide farmers with a low cost, flexible source of working capital and will allow them to pay down more expensive forms of short-term debt, ensuring the ongoing financial sustainability of viable farming enterprises. Although working capital would normally include trading stock, each application will be subject to agreement with the relevant financial institution and their lending assessment criteria.
