Oireachtas Joint and Select Committees
Tuesday, 24 November 2015
Joint Oireachtas Committee on Agriculture, Food and the Marine
Dairy Industry: Discussion (Resumed)
2:00 pm
Dr. Ailish Byrne:
The milk price may be low today but let us suppose 20 acres comes up next door. That could form part of a farmer's grazing platform and he may want to buy them. We put that loan over a 20 year period and reassess the repayment capacity over a 20 year term on the basis of a milk price of 28 cent.
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