Bank of Ireland pledges ongoing support for the poultry sector

Bank of Ireland today reiterated its support for poultry farmers nationwide as a compulsory housing order comes into effect for all poultry and captive birds following recent bird flu outbreaks.

The Bank, which has over 80,000 farming customers and provides more than 50% of agri sector lending, continues to engage with key industry stakeholders and customers to understand the challenges being faced and outline its range of supports including;

• Bridging finance or emergency working capital to cover restocking or biosecurity investments.
• Financing sustainability development or green finance options for modern housing and equipment.
• Temporary overdraft extensions and interest-only periods to help manage cashflow pressures.

Bird flu outbreaks can have serious implications for flock health, on-farm cashflow, and long-term business planning, and Bank of Ireland and is now encouraging poultry farmers to talk to their Bank of Ireland agri or business advisor, branch manager or relationship manager.

Bespoke farm financial reviews can be arranged with our team of dedicated agri managers and business advisors to discuss the latest information on biosecurity and disease prevention and explore options in terms of dealing with sectoral disruptions and recovery planning.

Eoin Lowry, Bank of Ireland Head of Agri Sector, commented: “Bank of Ireland is committed to supporting poultry farmers during these challenging times. I would encourage anyone impacted or concerned about their business to engage with our teams early to discuss their options and ensure their businesses are well placed through this challenging period. In terms of financing options, we have several supports in place, so any poultry farmer anticipating or currently experiencing a disruption to either their production or income levels should come and talk to us. We can find a sustainable solution by working together.”