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'I never neglected a loan in my life'- Farmer on vulture fund nightmare

Farm organisations are upping the ante in their opposition to pillar banks selling off farm loans to vulture funds, reports Claire Fox

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The IFA staged a protest outside the AIB AGM last Wednesday. Photo: Finbarr O’Rourke

The IFA staged a protest outside the AIB AGM last Wednesday. Photo: Finbarr O’Rourke

The IFA staged a protest outside the AIB AGM last Wednesday. Photo: Finbarr O’Rourke

Dairy and beef farmer Seamus Davern faced every farmer's nightmare in 2016 when his dairy herd of over 120 cows was hit by TB.

With a wife and four children to look after, the Tipperary man contacted his local AIB branch in Thurles straight away. His aim was to rebuild the herd from scratch, but Seamus' dealings with the bank started to get rocky during this period.

"I already had 34 in-calf heifers, so I built up the herd with them and bought some young stock," says the Rossmore farmer, whose children are now aged between five and 16.


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