Revenue slump leaves IFA facing income dilemma
Farm organisation down €100,000 per month on levies
The IFA'S income is down by close to €100,000 per month due to a massive slump in levy collection at marts, meat factories and dairy plants.
The review of the funding model for the organisation concluded that the 70-strong workforce would be cut by up to 50pc if the levy collection system that delivered €4.7m into the IFA's coffers was abandoned.
The alternative of relying more heavily on membership fees would require a 140pc increase in membership costs.
The startling findings were presented to the national executive of the IFA at its headquarters in Bluebell last week. As a result, the organisation has opted to hang on to the widely criticised levy collection system.
While a statement from the organisation in March maintained that it still had 75,000 paid-up members, sources within the organisation said that the current figure is much lower.
An IFA spokesman declined to provide up-to-date figures.
The internal review is being carried out by an implementation committee headed up by former liquid milk chairman Teddy Cashman following the Lucey report that was published last December.
The committee has spent the last six months reviewing the former chief economist's recommendations, with a view to taking action during 2016.