Ian Guider: It’s time to see the wood for the trees on the so-called Coillte ‘land grab’

Claims that a vulture fund is swooping in on Ireland’s forests are wildly wide of the mark

Forestry funds have existed in Ireland for years, generating steady, though not spectacular, returns for investors. Picture: Coillte

To judge by the remarks of a handful of TDs last week, a literal land grab is going on under our noses. The narrative that has developed is that an international vulture fund is joining up with Coillte, the state-owned forestry company, to buy land to plant private forests thanks to massive taxpayer subsidies, and will eventually reap huge profits from it.

Alan Kelly, the Labour TD for Tipperary, said he believed there had been ...