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IFA: Vulture funds have no understanding of family farm
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Protest to take place on farm subject to forced sale today
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Farm at centre of IFA protest withdrawn from auction
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Offaly family seeks compromise to avoid vulture fund sale of family farm
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May 17, 2021 11:52 am
There has been a “significant rise in fuel prices” across the country over the last 12 months, according to the Irish Farmers’ Association (IFA).
Commenting following the completion of a national survey by the organisation, IFA Farm Business Committee chairwoman Rose Mary McDonagh said:
“Fuel prices have increased by over 30% compared to this time last year, which can be attributed to the recovery in crude oil prices.”
The chairwoman noted that the spot price for a barrel of crude oil collapsed to $20 at the start of the Covid-19 pandemic last year – but it has steadily returned to pre-pandemic price levels this month ($65-$70).