Vulture fund farm sales
Martin Kenny cites farmers’ alarm at vulture funds forcing quick farm sales and says the IFA has lost faith the Government will act. The Chair asks whether there is promised legislation, and the Taoiseach says there is none.
This morning, in Buswells Hotel, the Irish Farmers' Association held a briefing on vulture funds which are selling many farms around the country. It is a terrible situation. The Irish Farmers' Association, IFA, says it has become increasingly frustrated by the tactics of the vulture funds, which are forcing quick farm sales without the agreement of the farmer. The IFA is really saying it no longer has faith that the Government will do anything about this. The IFA has proposed a solution, which is to campaign for people, including auctioneers and advertisers, to boycott these sales and for people to take charge of this situation and to prevent the vulture funds from selling the many farmlands around the country. It is a terrible indictment of the Government that nothing has been done to prevent these vulture funds from carrying on in this manner.
