Dáil debates
Wednesday, 17 October 2007
Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage
7:00 pm
Joan Burton (Dublin West, Labour)
The amendment does not refer to farms, farmland or borrowing through non-regulated companies. These are significant issues for many farming families. Through inappropriate borrowing and vehicles, they can lose their farms. The reversion provision mentions individual domestic homes, but not farms or farmlands.
Some years ago, it emerged that a company called Chesterton Finance had a chequered history. The Tánaiste's note refers to individuals and small firms, but I do not know whether people engaged in agricultural trades and farming fall under that category. It is important that farmers are protected by this legislation.
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