Investment levels on Irish farms are set to rebound this year on the back of the improved incomes among dairy and drystock farmers. “We have noticed an increase in demand for borrowings in 2025,” a spokesperson for AIB told the Irish Farmers Journal.
Investment levels on Irish farms are set to rebound this year on the back of the improved incomes among dairy and drystock farmers.
“We have noticed an increase in demand for borrowings in 2025,” a spokesperson for AIB told the Irish Farmers Journal.
“The improvement in weather in [the third and fourth quarters of] 2024, which has by and large continued into 2025, coupled with improved output prices across nearly all the main farming sectors, has increased farmers’ confidence to invest in their farm in 2025,” AIB explained.
“AIB recently engaged with Ipsos MRBI to conduct an independent agri financial services survey, with over 1,000 farmers taking part, and one of the findings was an increase in the number of farmers planning to invest on their farm and also an increase in the average investment amount,” the spokesperson pointed out.
Meanwhile, Bank of Ireland said that farmers were continuing to “pay down existing debt at a faster rate than taking on new debt”.
“At the end of September 2024, the total debt on Irish farms was €2.7bn – a reduction of almost €50m (2%) compared to the end of September 2023,” a Bank of Ireland spokesperson pointed out.
Both banks urged customers to engage with them with regard to any increase in stocking loans that may be required due to the sharp increase in cattle prices over the last six months.
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