Bank of Ireland hosts Enniscorthy seminar aimed at agri sector
Bank of Ireland Business Banking hosted a seminar targeted at the agri sector in the Riverside Hotel, Enniscorthy on Thursday.
The seminar titled 'Preparing for growth, planning for success' was open to both customers and non-customers of the bank. The seminar covered some of the challenges and exciting opportunities facing farmers and agri-businesses in today's changing environment.
Guest speakers at the evening included Brendan Casserly, Branch Manager, IFAC who talked about taking the complexity out of farm transfers and Michael Doran, Former IFA National Livestock Chairman and new entrant to dairying who discussed 'dairy conversion - is the grass greener on the other side?' and John Fitzgerald, Agri Development Manager, Bank of Ireland, who discussed funding for change.
Bank of Ireland approved €620 million in new and increased funds to the agri sector in 2014, a 19% increase over the previous year. €135 million was approved to the sector for land purchase which included over 24,000 acres of land.
The Bank expects to see continued strong demand from the dairy sector in particular and is encouraging farming customers to set objectives for how they want their farming businesses to grow in the coming years.