8 June 2001

Hp scheme for rebuilding

FARMERS needing to rebuild their businesses in the wake of foot-and-mouth disease are being offered hire-purchase agreements by Coventry-based finance company Agricredit.

The scheme provides advances to 80% of current market valuations, with payments spread over 24 months for sheep and pigs, 36 months for dairy stock and 48 months for suckler cows.

While repayments are monthly in the case of dairy cows and pigs, those for sucklers and sheep can be weighted to coincide with sales, says managing director, Paul McCarthy. &#42