Michael Creed (Cork North West, Fine Gael) | Oireachtas source

I very much welcome the volte-face. I point out to Deputy Cahill that it is available in high-street banks such as AIB, Bank of Ireland and Ulster Bank. In reality there is no other way to deal with it other than on a first-come, first-served basis and I advise farmers to engage.

The terms and conditions of the scheme are as constructed. For farmers paying high interest in overdraft facilities or paying credit card rates to cover merchant credit, this is an opportunity to substitute one with the other, which will improve cashflow and enable them to do the other things the Deputies mentioned.

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