It’s been revealed that two-thirds of farmers are in debt to creditors.
A study by the Irish Farmers Journal out today, has found that the bulk of farm debt is made up of unpaid bills from the local merchant to contractors and vets.
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It also found that over four in ten farmers plan to expand operations in the next two years – while just 50% have identified an heir.
However, Clare County Chairman of the Irish Farmers Association Willie Hanrahan says debt is a normal part of farmers’ lives:
