Farmer Business Developments plc was established in its current form in 1988 as part of the re-organisation of the FBD Group.
However, we trace our roots back 20 years earlier to the late 1960s when members of the National Farmers’ Association set about raising capital to establish new businesses on behalf of farmers.
Their efforts resulted in over 3,000 Irish farmers and several dairy co-ops and co-op marts contributing 75% of the share capital which was used to establish FBD Insurance and other companies. The other 25% of the share capital and the expertise in insurance came from ABB, a Belgian farmers’ insurance company. Our founding chairman was Paddy O’Keeffe, then editor of the Farmers Journal.
In 1988, a corporate restructuring took place with the establishment of this company and the successful floatation on the stock market of FBD Holdings plc, which owns FBD Insurance.
The success and development of the FBD Group over the years has been of immense benefit to this company, our original shareholders and their successors.
In recent years, Farmer Business Developments diversified its investments to include an interest in development land adjacent to the new Berlin Airport and a stake in a shopping centre in Geneva, as well as some funds, equities and private equity investments
In October 2015, the company acquired full ownership of FBD Property & Leisure Ltd, in which we had a 50:50 joint venture with FBD Holdings plc.