Farmers' assets on paper not accurate reflection of ability to pay
Farmers are different from most people in Ireland in that they are often asset rich and cash poor. Their assets on paper are not an accurate reflection of their ability to pay.
Farms are often in the family for generations and there is a genuine fear that the farm may have to be sold to repay nursing home fees.
It is also very common that the family home is located in the heart of the farm. If part of the farm must be sold to repay nursing home fees, it can render the remainder of the farm unviable and force a sale of the entire holding.