Stockmen stepping up fight to get marts reopened
Efforts to reopen two livestock marts at Sixmilebridge, Co Clare and Rathkeale, Co Limerick have intensified.
Both were operated by GVM Marts Group but were closed before Christmas, with the operators citing reduced throughput at both sites for the decision.
A bid of €230,000 has been made on behalf of farmers in Co Clare for the premises at Sixmilebridge, which is currently on the open market by private treaty with a guide price of €450,000.
Meanwhile, the redemption of shares in GVM by farmers in the Rathkeale area is being considered as part funding to acquire the west Limerick mart.
At a public meeting in Sixmilebridge, a four-man committee was instructed to enter further negotiations on the outright purchase of the mart premises.
The findings of a feasibility study presented to the meeting indicated that a minimum annual throughput of 9,000hd would be required to cover costs at Sixmilebridge and 12,000hd to operate at a profit.
The sale of 14,000 cattle would render it a worthwhile business venture, but the mart has not hit sales figures of that order for more than a decade.