FundEquip
The Lakeland Dairies FundEquip scheme provides financing for important farm equipment such as bulk tanks, generators, milk cooling equipment, automatic calf feeders and feed bins, among other items, at competitive interest rates, providing an optional means of finance on a more affordable basis. Operated in partnership with Finance Ireland Credit Solutions DAC, the Strategic Banking Corporation of Ireland (SBCI) and leading farm equipment suppliers.
MilkFlex
The Lakeland Dairies MilkFlex scheme is another financing option available for our milk suppliers. MilkFlex is designed to provide milk suppliers with a loan product that helps to protect cashflows from the impacts of milk price volatility. It is managed by financial services provider Finance Ireland with funding from the Ireland Strategic Investment Fund (ISIF) and Rabobank. The MilkFlex product has built-in ‘flex triggers’ whereby a farmer can adjust their loan repayment terms in response to volatile movements in milk price or disease outbreaks which could typically put farm finances under pressure. Qualifying on-farm expenditure for which MilkFlex loans can be offered by Finance Ireland include investment in productive dairy farm assets, farm infrastructure, milking parlours, animal housing, farm roadways and stock, etc.
