The IFA said it was one of a number of decisions taken unanimously in the best interests of farmers after a 17 hour long meeting broke up at around 4.30 this morning.
A review of pay and pensions to be carried out by Con Lucey was ratified by the executive council, with a report due on the 15th December.
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It was also confirmed that the IFA will launch a legal challenge to the €2 million severance package of the former General Secretary Pat Smith.
