Over 21,000 acres of farmland is controlled by so-called vulture funds in Mayo, totalling 19 parcels. That’s according to a report in this week’s Irish Farmers Journal.
The report has found that every county in Ireland has farmland affected by a vulture fund presence.
A county breakdown of farm mortgages held by several subsidiaries of US vulture funds, Cerberus and Lone Star showed that the highest concentration of land is in Co Mayo, followed by Galway and Meath.
Farmers have expressed concerns at their treatment by vulture funds, reporting difficulty in negotiating with receivers and forced land sales.
They have also expressed their distress over a preference vulture funds seem to have for selling land, rather than working on new loan terms.