Saturday 25 February 2017

Farmers to be offered loans at 2.95pc under new scheme

Niall O'Connor

Niall O'Connor

Agriculture Minister Michael Creed. Photo: Steve Humphreys
Agriculture Minister Michael Creed. Photo: Steve Humphreys

FARMERS are to be offered loans at a rate of 2.95pc under a major new scheme being announced in the Budget.

Government sources say a €150m scheme, which is partly being funded by the EU, will be unveiled by Agriculture Minister Michael Creed.

The scheme will be operated through the banks and farmers will be able to enter into an interest only agreement for a period.

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