Cootehill Livestock Mart has announced that it will provide electronic transfers to farmers for payments up to €1,500.
In a brief statement, the management of the Cavan-based mart has cited several reasons for embracing EFTs.
Geoffrey Drury, manager of Cootehill Livestock Mart, said:
“Here at Cootehill Livestock Mart, we are committed to a cleaner, greener future.”
“To do our little bit for the planet and save trees from felling for paper, we will reduce the amount of paper we use by making electronic fund transfers for all payments up to €1,500.”
“This is also a speedier, more efficient method of payment to our valuable customers. All we will require is your IBAN once. This will allow us to make future payments to you in the same way.”
“Please present your IBAN to our office team in person, and they will happily assist you. Tel 0495555362 for any further details,” he concluded.
Cootehill Livestock Mart
The mart re-opened under new management earlier this year.
The Cavan-based sheep and cattle mart draws customers from Cavan, Monaghan, Meath and further afield.
The premises, now named Cootehill Livestock Mart, was under Jimmy and Carmel O’Reilly’s management for seven years.
The Drury family is leasing the premises on a ten-year basis.
Calls for factories to provide electronic payments to farmers
Earlier this year, the IFA called on Meat Industry Ireland (MII) to provide electronic payment facilities for farmers selling livestock.
The chairman of the livestock committee Brendan Golden and the sheep committee chairman, Sean Dennehy, met MII to discuss the provision of electronic payments.
“Farmers who are selling livestock should have the option of Electronic Funds Transfer (EFT) if they want to avail of it. It is a standard service that exists across society, and we want processors to extend it to farmers.”
“For cashflow reasons, farmers shouldn’t have to wait for cheques to clear. We expect everybody who does business to upgrade their systems as soon as possible,” they said.
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