LEGISLATION which aims to protect family farms from being sold by vulture funds has passed its first stage in the Dáil.
Introduced by Limerick Independent TD Richard O’Donoghue, the Impaired Farm Credit Bill 2022 will create a policy platform which, he says, will “tip the scales back in favour of landowners and farmers and is all about protecting the small man or woman against predatory financial institutions.
“For too long this Government has facilitated vulture funds and banks to seize and sell family farms in Limerick. The agri-food sector and the role of local farmers to the Irish economy is of systemic importance and is generating gross value-added equating to €600 million a year in Limerick.
“The sector employs one in every ten workers across Limerick so it is vitally important the all of the county’s TD support this Bill,” Deputy O’Donoghue sai