Farm Ireland

Wednesday 12 December 2018

Clarification: Concerns raised over Monaghan mart's future


Image: Google Maps.
Image: Google Maps.

In an earlier version of this story, the headline inadvertently stated that there were concerns over Cavan Mart. This was incorrect and should have stated Castleblaney Mart, as the article detailed. Cavan Mart is fully operational and trading as normal.

Farmers raised worries after the highly-regarded mart closed at short notice on Friday ahead of a planned sale.

Buyers travel from neighbouring counties to the mart that is privately run by the Nugent family and which was set up in 1963 by Edward Paul Nugent.


Meanwhile, a delegation from ICOS National Marts has met with Minister of State Michael D’Arcy T.D. to seek Government intervention on the spiralling cost of insurance for marts.

Chairman of ICOS National Marts Committee Michael Spellman said the cost of insurance for marts has more than doubled in the past 18 months but there hasn’t been any parallel increase in incidents or claims from the marts. 

Mr. D’Arcy is Minister of State at the Department of Finance and the Department of Public Expenditure and Reform with special responsibility for Financial Services and Insurance.

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"The marts have become an unwitting victim of ‘risk profiling’ by the insurance industry who are seeking to minimise their exposure and spread their costs across multiple sectors of the economy. 

"Reducing risk is of course in everyone’s interests, as one accident or injury is one too many, but we don’t see any legitimate basis for the scale of costs now being heaped onto the marts sector.”

The delegation shared with the Minister specific details of marts where insurance costs have increased inordinately, in spite of risk reduction measures also being implemented.

“This is now having a specifically damaging effect on smaller marts who simply cannot afford any increase in operating costs to the extent that is being levied,” said Spellman. 

“We need the Government to protect the marts sector and SMEs in general from the unsustainable costs that are being demanded.”

The ICOS delegation welcomed Minister D’Arcy’s assurance that over 30 recommendations in a recently published insurance working group report on Employment Liability Practices would be enacted.

Michael Spellman said, “It is very positive and reassuring that the Government is engaging proactively with ICOS on this matter and we are confident that there will cross party support for any legislative proposals and particularly where these safeguard jobs.

"We need to see priority legislation brought forward and implemented by the end of 2018 which will endeavour to bring fairness back into the equation around liability claims in Ireland, and not just for marts but for all SME’s in rural Ireland.”

Spellman also noted, “The imminent implementation of GDPR regulations by the end of May will ensure that the timescale for reporting an incident will be within 28 days. This is going to greatly change the speed at which claims will be notified as currently there can be a two year period of leeway in which claims can be made.”

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