This is a subscriber-only article
Cattle are not included in the list of capital investments under the Future Growth Loan Scheme that is due out in March.
The Strategic Banking Corporation of Ireland (SBCI), confirmed that farmers will be able to use loan money to invest in capital expenditure on the construction of shed buildings, buying machinery or even developing farm computer software.
However, the ability to purchase stock will not be available.
The €300m loan scheme is intended for the primary agriculture, agri food and seafood sector, and will provide terms of eight to 10 years at a rate of 4.5% or less.
SHARING OPTIONS: