Galway Bay fm newsroom – Farmers across Galway are set to benefit from a new Low-Cost loan scheme.
Under the Agri Cashflow Support Scheme, farmers will be able to borrow up to 150 thousand euro for up to six years at an interest rate of 2.95%.
The loans can be used to help farmers relieve the burden of expensive overdraft facilities which have arisen due to volatility in prices.
Gaeltacht Minister and Galway West/South Mayo TD Sean Kyne says these loans will aid Galway farmers who’ve had a difficult year.