News

Irish Farm Accounts Co-Operative Society Limited will hold a Special General Meeting on 1 September 2026, where members will vote on a resolution to amend the Society's Rules implementing governance reforms recommended by the Rules Sub-Committee.

Drought, fertiliser costs, and global supply pressures are set to push Irish grocery prices up sharply through to January 2027, ifac economist Karol Kissane warns.

After a wet start to 2026, the dry, settled spell that followed was welcomed by farmers. But that same dry weather has now lasted through July and doesn't look like changing anytime soon. This drought was an annoyance after two weeks and is now becoming a concern.

The Department of Finance has published the Tax Strategy Group papers ahead of Budget 2027, and Agricultural Relief is once again being examined in detail.

Whether you're using savings, borrowing or a combination of both, choosing the right funding approach is just as important as the build itself. This article, first published in the Farming Independent, explores the key financial considerations.

Professional services firm ifac has increased its workforce by more than 10% in a single month, adding 67 new team members as the business continues its growth trajectory and investment across Ireland.

The new hires, who joined the firm in June, bring ifac's total workforce to more than 600 people.

Low milk prices make it much harder to stay on top of bills, especially when input costs aren't easing. When every euro counts, having a clear cashflow plan can help you stay in control and avoid difficult financial decisions later in the year.

The Targeted Agricultural Modernisation Scheme (TAMS) has been an important source of funding for investing for farmers across Ireland. Understanding how the system works can help you plan your investment and avoid unexpected delays.

Retirement in a family business rarely happens on a fixed date. It is usually a gradual shift in roles, responsibilities and expectations, rather than a single handover event.

When this transition is handled poorly, it can create uncertainty, tension and financial pressure within the family and the business. When handled well, it can be one of the most satisfying things a family achieves together, giving the next generation the space to lead and the retiring generation confidence that the business is in safe hands.

A new legal landscape - what’s changing

Ireland is in the middle of the most significant reform of capacity law in decades. The Assisted Decision‑Making (Capacity) Act 2015, fully commenced in April 2023, has:

Abolished adult wardship, no new adult wards can be created.

Required all existing adult wards to exit by 26 April 2026.

Introduced a three‑tier system of supported decision‑making supervised by the Office of Decision Support Services (ODSS):

Decision-Making Assistant (DMA)

Co‑Decision Maker (CDM)

Decision‑Making Representative (DMR)

Notice is hereby given that the Annual General Meeting of Irish Farm Accounts Co-operative Society Limited will be held at The Lyrath Hotel, Co. Kilkenny on Tuesday 23rd June 2026 commencing at 11am.

We are pleased to announce that ifac has become a founding member of the Pinion Global Network (PGN), a new international alliance of agriculture-focused advisory firms spanning Ireland, the United States, South Africa and Australia.