Growing Forward Together
Our story is one of challenge and opportunity, ambition and success. The pioneering vision that led to the establishment of ifac over 40 years ago is still driving our organisation today. It has helped make us who we are and inspires our ambition for the future.
When Ireland joined the EU (then EEC) in 1973, Irish agriculture rapidly transformed. The guarantee of higher prices and support for farm and farmyard development boosted the confidence of farmers, leading to an accelerated increase in the adoption of new technologies to lift productivity. Coinciding with this, the first farmers were brought into the tax net in 1974, ultimately meaning that farmers were required to produce annual accounts to be tax compliant.
A number of visionaries including farm and community activist Donal Cashman (founding Chairman of ifac) identified the need for a specialist farmer-orientated accounts service and in September 1975 the Irish Farms Accounts Co-operative (ifac) was founded.
Being a co-operative society means we are owned by our members, our clients. During our 40+ years, ifac has supported farmers and played an integral part in the lives of farming communities all over Ireland. Over these years we have grown and evolved to better deliver on the needs of those operating in the Farm, Food and Agri sectors.
This philosophy of mutuality and a deep connection with people who work on and from the land continues to define ifac’s success today.
At the heart of our approach is a promise that we make to our members: We bring the full depth and breadth of our financial expertise and sectoral experience to play an integral role in your business. We pro-actively work with you to advise on sound financial practices, provide foresight to anticipate issues, and identify opportunities to help you grow.