Galway Bay fm newsroom – Athenry-based IFA presidential candidate Joe Healy is accusing banks of failing to enter meaningful negotiations with farmers to manage their debts.
He says that banks and other creditors are unwilling to engage with farmers to work out repayment plans, and are instead pursing legal action or selling debts off to third parties.
Mr. Healy, who’s the only Connaught candidate in the upcoming IFA election, says that banks seem more interested in short term solutions to repay debts.
He says that the ability of a farm to generate income is often ignored, and farmers are instead placed under immense pressure to sell land and assets.
Joe Healy says the situation is putting huge strain on already vulnerable farming families.
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