Farm debt and insolvency was catapulted on to the national stage on Tuesday with the sale of one of Ireland’s largest pedigree dairy herds.The 450-cow Cradenhill herd dispersal sale, ordered by Cork County Sheriff Sinead McNamara, was held on the farm of the Kingston family near Kinsale, Co Cork.
Farm debt and insolvency was catapulted on to the national stage on Tuesday with the sale of one of Ireland’s largest pedigree dairy herds.
The 450-cow Cradenhill herd dispersal sale, ordered by Cork County Sheriff Sinead McNamara, was held on the farm of the Kingston family near Kinsale, Co Cork.
The sale arose from a judgment obtained by ACC Loan Management for €2.45m against Peter and Tracey Kingston in April 2015.
Some 950 purebred Holstein animals were sold with no reserve. As one man said, it “was more like a wake than a cattle sale”. The cows sold for between €600 and €1,100, with most bidders appearing to be from Ireland.
An expected demonstration at the sale was prevented by a High Court injunction secured by the sheriff.
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