IFA Inputs Project Team Chairman James McCarthy has said he will be meeting key input suppliers early in the new year, in order to challenge them to do all in their power to reduce farm input prices in 2015.
He said that input providers must improve efficiencies and take smaller margins to reflect the serious margin pressure on farms, “With many farm product prices under pressure, input providers have to reflect this in lower prices for inputs and services.”
The IFA Inputs Chairman called for lower input prices to be made available to all farmers, pointing out that IFA surveys consistently show significant savings available to farmers who buy through groups.
He stressed that there cannot be upward-only price moves for farm inputs and services and said that the availability and cost of working capital from the banks to assist farmers also had to be a priority.
The Association will be meeting the main banks in the coming weeks and Mr McCarthy said he would be leaving them in no doubt that keenly priced working capital must be provided for the sector.