IFA farm business chairman Martin Stapleton welcomed the move by BidX1 and also called on vulture funds to engage directly with the IFA and farmers to resolve debt issues.
“Farmers have to be given a fairer period of time to repay their debts. IFA is sick of dealing with endless intermediaries on behalf of these funds.
“It is time for them to put faces to their company and sit down with IFA and try to resolve cases,” he said.
It is estimated that up to 2,000 farms are among thousands of loans that have already been sold, or are to be offloaded by the banks to vulture funds.
Mr Stapleton said the IFA would oppose forced farm sales where the owners are willing to implement a credible solution to their problems.
“In most ca…
Read the full article at: https://www.independent.ie/business/farming/news/farming-news/it-is-time-for-them-to-put-faces-to-their-company-farmers-on-war-footing-over-vulture-fund-forced-sales-37325031.html