Thursday February 20, 2020

Facing Farmageddon at the hands of vultures

Banks currently control much of Ireland’s farm-related debt, but, as with residential mortgages, many of these loans may be sold on to vulture funds, with disastrous consequences for rural families and communities

7th January, 2018
The sale of debts to vulture funds ‘will affect the heart of rural Ireland’

Over the last number of years, there has been much focus on family homes that are in mortgage arrears. This is a major issue facing Ireland still and over 30,000 family home loan accounts remain in arrears of two years or more. Included in these are thousands of families dotted around rural Ireland and the farming community are worst affected.

For a farmer in mortgage arrears, it is not just the family home that is at...

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