Gresham House, specialist asset managers working with Coillte, have established the Irish Strategic Forestry Fund, which aims to assemble a €200 million fund to create new forests and buy some existing forestry.
Opposition TDs and farming organisations, including the IFA, have expressed fears that the new fund will price farmers out of the land market. "With already strong demand in the agricultural land market and limited supply, the new Irish Strategic Forestry Fund is likely to further increase the competition for land, which will result in more farmers being priced out of the market and unable to expand operations to future proof their businesses."
The introduction of the Gresham House forestry fund was criticised at the Oireachtas Committee on Agriculture before Christmas, with committee chairman Jackie Cahill saying the matter would be raised again before the committee soon.
Irish people have 140bn in cash on deposit, why isn't the government tapping this money for investment in forestry and in housing as well
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