Written answers
Wednesday, 20 September 2017
Department of Agriculture, Food and the Marine
Agriculture Cashflow Support Loan Scheme Data
Brendan Smith (Cavan-Monaghan, Fianna Fail)
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546. To ask the Minister for Agriculture, Food and the Marine the number of mushroom farmers and businesses that have been approved to participate in the special agriloan scheme; and if he will make a statement on the matter. [39351/17]
Michael Creed (Cork North West, Fine Gael)
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The last summary of the Agriculture Cashflow Support Scheme provided to my Department by the Strategic Banking Corporation of Ireland (SBCI) showed that, up to the end of June, there were 3,672 loan drawdowns amounting to a total of €117,308,197 (or 78% of the total). This is an average loan amount of €31,947. Some 59% of the loans are for terms of 4 years or more. A breakdown by sector, which shows 11 loans to the horticulture sector totalling €878,500, is as follows:
| Sector | Totals € | % of funds | No. of Loans | Average Loan size |
|---|---|---|---|---|
| Dairy | 49,893,145 | 43% | 1,358 | 36,740 |
| Beef | 48,653,826 | 41% | 1,788 | 27,211 |
| Sheep | 2,597,000 | 2% | 127 | 20,449 |
| Pigs | 1,509,000 | 1% | 18 | 83,833 |
| Tillage | 7,739,465 | 7% | 168 | 46,068 |
| Horticulture | 878,500 | 1% | 11 | 79,864 |
| Other | 6,037,261 | 5% | 202 | 29,887 |
| Total | 117,308,197 | 100% | 3,672 | 31,947 |
The participating banks have advised that all of the remaining €150m is committed and is in the process of being drawn down. More detailed figures and analysis, including detail on sub-sectors such as mushroom growing, will be available once the Scheme has been fully drawn down and all reporting is finalised.
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