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.