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Primarily used by the dairy sector in 2024, Enviroflex loans are designed to incentivise farmers to continue implementing sustainability focused improvements on their land.
Susan Maher, agricultural development manager (southeast and midlands) at Bank of Ireland and recently appointed president of the ASA, discusses the key trends the bank is seeing in the agri sector.
The loan type was first launched in November 2023 and Bank of Ireland said it has been very popular among dairy farmers conducting milking parlour upgrades and installing wastewater.
AIB, Bank of Ireland, PTSB and the credit unions made presentations at a meeting for farmers who want to transfer merchant/co-op and contractor debt into structured bank credit.