Vulture Fund Must Engage Constructively Following Removal of Farm from Online Auction – IFA

The Chair of IFA Debt Support Service, Martin Stapleton, has called on vulture fund “Everyday” to engage constructively with IFA to agree on a solution with the Conway family in Co Offaly.

The Conway family farm was removed from an online sale this morning following a protest at the family farm by the Rhode branch of IFA and the Offaly County Executive with the full support of IFA nationally and the local community. 

The farm had been due to be sold against the farmer’s wishes in an online auction at noon today.

“It is regrettable that this action had to be taken. Earlier this week, the IFA put forward a very reasonable offer, on behalf of the farmer, but Everyday Finance rejected it,” said Rose Mary McDonagh, IFA Farm Business Chair.

IFA Offaly Chairman Richard Scally thanked Offaly IFA and the local community for their efforts.

 

He said, “We sent a strong message today that this type of behaviour by vulture funds is not acceptable. Farmers, their neighbours, IFA and the farming community, in general, will not stand by and allow individual farmers to be picked off,” he said.

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