News Round-Up: February 22nd


Dawn Meats tops the boards at Green Awards 2018, Agritech start-ups encouraged to enter major competition & IFA says that the Government must regulate funds to protect borrowers.

News Round-Up: February 22nd

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  • 1 year ago

Dawn Meats tops the boards at Green Awards 2018, Agritech start-ups encouraged to enter major competition & IFA says that the Government must regulate funds to protect borrowers.

  • Major Award for Dawn Meats

Dawn Meats has been recognised at the prestigious Green Awards 2018 at the Clayton Hotel, Dublin. On the occasion of the 10th anniversary of the Green Awards, the Waterford-based processor was awarded the “Green Food and Beverage” award in front of an audience of close to 450 industry professionals.

David O’Flynn Head of CSR at Dawn Meats commented “we are delighted to have won this award which recognises the effort of thousands of team members from Dawn Meats. Together we are working towards our company goal of being Europe’s most sustainable meat company.”

  • Government must regulate funds to protect borrowers - IFA

IFA Farm Business Chairman Martin Stapleton has reiterated IFA's call on Government and the Minister for Finance, Paschal Donohoe that funds which purchase loans must be regulated.

The IFA principles for engagement with vulture funds, launched last year, set out a number of policy proposals on this issue, including a call for the regulation of funds buying Irish loans.

Martin Stapleton said, “Farmer borrowers feel that they have no protection in their dealings with vulture funds. It is simply appalling that farmers who give security to long-standing financial institutions can find that security has been sold to unregulated and faceless entities”.

Martin Stapleton said IFA is seeking a Government commitment to rebalance the power between borrowers and loan owners, "IFA is clear that, as a core principle in negotiations, there should be no forced sale of the family farm, where the farmer has meaningfully engaged to find a solution."

The key principles the Association applies in dealing with vulture funds in support of farmers with credit difficulties are:

  • No forced sale of farming assets, which undermines the viability of the family farm, and where the farmer has meaningfully engaged to find a workable solution.
  • Full and final agreement must be reached between the borrower and loan owner prior to the disposal of any assets.
  • Assets must be sold for their full market value and with proper advertising.
  • No forced collection of debt that is not yet due.
  • Where delays in arriving at a decision are due to the loan owner’s actions, there can be no interest or penalty accumulated on the outstanding debt in that time period.
  • Agritech start-ups encouraged to enter National Start-up Awards powered by Bank of Ireland and Enterprise Ireland

The National Start-up Awards powered by Bank of Ireland and Enterprise Ireland were officially launched today by Minister for Business, Enterprise and Innovation Heather Humphreys, TD. The competition recognises and rewards Irish start-ups for their success in business across 15 categories including Agritech Start-up. The overall winner will walk away with a prize of €10,000 and the best early stage start-up will receive €5,000 to further grow and develop their businesses.

The competition is open to companies and organisations across all sectors which have been operational for up to 5 years. There are three key stages to the competition with qualifying entries first shortlisted by region and then nationally. To enter or nominate someone for a National Start-up Award visit here and submit your application by Thursday 22 March.

The awards judging committee will comprise representatives from Bank of Ireland, Enterprise Ireland and leading Irish entrepreneurs. The regional finals will take place during April with the national Awards taking place in Dublin on Thursday, 17th May, 2018.

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