Livestock farmers thinking of developing their businesses could access discounted borrowing rates from the Agricultural Mortgage Corporation (AMC) if they act quickly.
AMC has negotiated access to a multi million pound EIB investment fund which can effectively subsidise eligible loans with a significant discount of 0.65 % off their normal loan margin.
Local AMC agent, Tony Rimmer, of Rostons Ltd says that this is an important source of funding for projects such as slurry storage updating or buying new parlours, machinery and equipment purchase, buildings improvements and the like.
