Bank must support farmers with Superlevy bills - IFA

IFA South Tipperary Dairy Chairman TJ Maher has called on banks to stick with their dairy farmer clients who may experience cash flow difficulties this year as a result of a superlevy bill.

IFA South Tipperary Dairy Chairman TJ Maher has called on banks to stick with their dairy farmer clients who may experience cash flow difficulties this year as a result of a superlevy bill.

TJ Maher said: “Some of the farmers affected may have exceeded their quota by moderate amounts, but have received little or no benefit from fleximilk in this year of exceptionally strong milk production. Some may have had their herds restricted with TB, and fared poorly from this year’s Milk Quota Appeals Tribunal’s temporary milk quota allocations.”

“All will need support from their banks to facilitate cash flow and avoid financial situations which could be damaging to their long term profitability.”

“Banks must be receptive to their over-quota dairy farmer clients and work with them to facilitate superlevy bill payments over the coming months,” he concluded.