Land purchase activity remained strong during COVID-19, driven nearly exclusively by the dairy sector, Ulster Bank has said.
The bank reports that dairy farmers were the key drivers of customer activity in 2020, with increased demand for finance also coming from the poultry sector.
This trend has been projected to continue into the new year, with the bank receiving a number of applications from farmers looking to convert to dairy farming or expand their dairy farm operations.
Beef support
Head of agriculture with Ulster Bank Ailish Byrne said: “2020 has been a challenging year for the economy and the country, but agri food businesses have shown real resilience.