McConalogue, Coillte to discuss forestry investment

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 61%

Malaysia News News

Minister for Agriculture Charlie McConalogue is to meet semi-State forestry company Coillte to discuss its tie-up with a British investment fund to finance new forestry investment in Ireland.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German finance minister probed over loan from bank he praisedProsecutors launch preliminary probe of Christian Lindner's dealings Hope it wasn’t too painful
Source: IrishTimes - 🏆 3. / 98 Read more »