Pat Kenny : Radio 1 now

Toplink

Bank Of Ireland trying to repossess land from a dairy farmer in Sligo...


http://www.independent.ie/national-news/farmer-and-son-wont-hand-over-land-sold-off-by-bank-of-ireland-2364642.html

vanderbadger

ya heard abit of it, by the sounds of it they have already sold off the land so I cant see how there will be a happy outcome, its amazing how quickly they can move in on a guy who owes 200k approx, if you owe them a few million it seems they have more respect for you.

Birdnuts

I can see alot more of this happening as farmers and the public in general see the country going down the plughole thanx to the parasites in the banks etc. and feel why should they carry the can for the mess having been sold out by a government intent on protecting the golden circle at the expense of the small man:mad:

5live

I dont understand the banks problem. Sell 35 acres or 38 acres? Or divide the farm and leave in un viable or sell a non essential portion and reduce the debt to put it another way. Are we getting the whole story here as i find it hard to believe any bank with even a miniscule ammount of cop on would not sell the outside farm?

Ash.J.Williams

Birdnuts wrote: »

I can see alot more of this happening as farmers and the public in general see the country going down the plughole thanx to the parasites in the banks etc. and feel why should they carry the can for the mess having been sold out by a government intent on protecting the golden circle at the expense of the small man:mad:

Exactly, the farmers were here before the banks, and it was the banks that ruined us. Hopefully strength in numbers will keep the farmers safe.

reilig

The whole story is in today's farming indo. The father and son put up this 35 acres as collateral to the loan that they have. They don't dispute that they owe the money, but they want the bank to take other land instead of the land that they put up as collateral.

I heard that the other land is not worth half as much as the land that they put up. They're trying to pull a fast one and know how to manipulate the media to get sympathy for themselves.

From talking to a contractor that used to do some work for them and is owed a hell of a lot of money by them, they owe this money to the bank for over 10 years. he recons that they probably owe just as much to various contractors. they are serial non-payers. Only sympathy that I have is for the contractors that they owe money to because the banks got in ahead of everyone and got their chunk first.

F$ckin Media runs this country and generates most views and opinions by not telling the whole truth.

Tora Bora

5live wrote: »

I dont understand the banks problem. Sell 35 acres or 38 acres? Or divide the farm and leave in un viable or sell a non essential portion and reduce the debt to put it another way. Are we getting the whole story here as i find it hard to believe any bank with even a miniscule ammount of cop on would not sell the outside farm?

Of course you are not getting the whole story. There is always a bit of deep water in these cases.
Previous poster, mentioned "parasite banks" :cool:
A bit emotive I think. I am no apologist for any bank, BUT ........ we are all responsible for our own actions. When you hand over the deeds of your property in exchange for a loan from a bank, you better keep your eye on the ball ......... no use crying about spilt milk, when the bank moves in to take posession after you default.
And I know, people will say, the banks were writing out to their clients, offering money for this that and the other. But, we all got those offers, and thankfully most of us promptly filed them carefully in the waste paper basket:P
No idea about the background to this case, but creating a bruhaha, AFTER the land has been sold, just makes no sense. And of course the IFA, get a bit of nice publicity, in defending the farmer. Where were they, and what was their advice to this farmer, BEFORE the plot of land was sold.

5live

I have to agree with tora bora here but what is your take on the limerick farmer who had to sell because he had no public liability and a guy working got injured on the farm? It was in the papers in last few days. Is it the same principal at work as he should have insurance? I just feel way worse for that guy

Toplink

reilig wrote: »

The whole story is in today's farming indo. The father and son put up this 35 acres as collateral to the loan that they have. They don't dispute that they owe the money, but they want the bank to take other land instead of the land that they put up as collateral.

I heard that the other land is not worth half as much as the land that they put up. They're trying to pull a fast one and know how to manipulate the media to get sympathy for themselves.

From talking to a contractor that used to do some work for them and is owed a hell of a lot of money by them, they owe this money to the bank for over 10 years. he recons that they probably owe just as much to various contractors. they are serial non-payers. Only sympathy that I have is for the contractors that they owe money to because the banks got in ahead of everyone and got their chunk first.

F$ckin Media runs this country and generates most views and opinions by not telling the whole truth.

That makes sense alright. Any bank manager worth his salt wouldn't have let it come to this if the case presented on Radio 1 was true.

'Non Payers'.... the fcuking neck of some people.

whelan1

i think if you cant pay a bill at least make an effort to pay part of it , then it is seen that you are doing something about it...... if the money is owed for that amount of time well they should just walk away , surely they cant change folios this late in the day

reilig

whelan1 wrote: »

i think if you cant pay a bill at least make an effort to pay part of it , then it is seen that you are doing something about it...... if the money is owed for that amount of time well they should just walk away , surely they cant change folios this late in the day

If they had made an effort to pay what they owed the bank,then the land would not have been sold. Its the same for your house mortgage. We hear about all of these people who are having their home repossessed. This is simply because they have not paid 1 cent on their mortgage for at least 12 months. If they even attempted to pay €10 per month then people would have some standing against having their home repossessed.

I know 1 person who has an ESB bill of over €1500. She receives €200 per week and the ESB want her to pay €20 per week to try to clear the bill. She won't do this because she says that it will mean that she can't afford to pay the €20 per week that it costs to have her Sky tv subscription. ESB have given her a date that they're going to cut her off. The silly woman hasn't realised that without electricity, she won't be able to watch tv at all!!

sea12

5live wrote: »

I have to agree with tora bora here but what is your take on the limerick farmer who had to sell because he had no public liability and a guy working got injured on the farm? It was in the papers in last few days. Is it the same principal at work as he should have insurance? I just feel way worse for that guy

Yep saw fliers about this storm at the ploughing. Its a sad story for all concerned. In fairness this guy has already sold over 20 acres to try settle the bill. Unfortunately the amount of interest building up on it is nearly as big as the claim at this stage.

Hope the courts go after the Bankers with the same Vegenance.

snowman707

5live wrote: »

I have to agree with tora bora here but what is your take on the limerick farmer who had to sell because he had no public liability and a guy working got injured on the farm? It was in the papers in last few days. Is it the same principal at work as he should have insurance? I just feel way worse for that guy

not wishing to hijack the thread but i have posted this before without a single response

PUBLIC LIABILITY INSURANCE WILL NOT COVER YOU FOR ALL, IN SOME CASES YOU NEED EMPLOYER'S LIABILITY COVER

please check with your insurer

btw fbd are the only company which give employer's liability, aviva do not provide it.

DagneyTaggart

According to their website they cover employers' liability:

http://www.aviva.ie/online/business-insurance/products/farm-insurance/

snowman707

DagneyTaggart wrote: »

According to their website they cover employers' liability:

http://www.aviva.ie/online/business-insurance/products/farm-insurance/

thanks,

must have up dated since we left them a couple of years ago,

when we went through the small print on their policy we weren't pleased with our cover eventhough we had discussed at length with their broker before hand

Min

It was on the Pat Kenny show that the IFA official who was on the radio yesterday died suddenly in the past 24 hours.
Very sad day for his family, friends and neighbours.

LostCovey

Min wrote: »

It was on the Pat Kenny show that the IFA official who was on the radio yesterday died suddenly in the past 24 hours.
Very sad day for his family, friends and neighbours.

Amen to that.

Billy Somerville was a true Christian gentleman, I had dealings with him in the past, and I am sure he was doing his very best in this case, even if the rather romanticised 'John B. Keane' version of the story portrayed on the radio show was a long way from the truth.

LostCovey