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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Land Purchase Borrowings.

1975 Land Purchase Borrowings

Summary

Crotty sought to extend the land-purchase borrowing scheme to farmers who borrowed in 1975 and later faced hardship. Cowen said the scheme began in January 1976, citing improved farm incomes and the need for a fixed qualifying date; he could not make exceptions.

asked the Minister for Agriculture if he is aware that farmers who borrowed to purchase land in 1975 are in severe financial difficulties; and if he will extend the scheme to include 1975.

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Farmers who borrowed in 1975 to purchase land had the benefit of the substantial growth in farm incomes in the years 1975 to 1978 and there has been little evidence that these farmers now find themselves in severe financial difficulty.

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Where there is evidence that these farmers are in difficulty, will the Minister consider including them in the scheme?

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We had to have a starting date and that date was January 1976.

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Was this date chosen by the Minister or proposed by the EEC?

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I would imagine it was chosen by the Minister but the EEC may have had some influence in the matter. Farmers who borrowed in 1975 had the benefit of three exceptionally good years during which they were able to meet their commitments. Inflation in the period 1975 would have eroded the real burden of debt which occurred in 1975.

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There are people who borrowed in the second half of 1975 and now find themselves in difficulty. Will the Minister take these into consideration and make exceptions where cases so demand?

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As I have said, the date is January 1976. Unfortunately, I am not in a position to change that.

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Would the Minister accept——

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John F. O'Connell An Ceann Comhairle Fianna Fáil

I have already allowed a lot of supplementaries.

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A final one. Would the Minister accept that there could be cases?

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I accept there might be isolated cases but we must have a starting date. Farmers who borrowed in 1975 might not be in as bad a position as those who borrowed later on.

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Will the Minister give consideration to the isolated cases who find themselves in great difficulty?

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Unfortunately, I cannot do so on the basis that the date in question is January 1976.

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John F. O'Connell An Ceann Comhairle Fianna Fáil

The remaining Questions will appear on tomorrow's Order Paper.

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