Only 1% of beef farmers would consider entering a farm partnership/collaborative farming initiative when they can no longer farm at their current level, according to a new report by AIB.
The survey shows that two thirds of beef farmers expect that the farm will be taken over by a family member when they can no longer farm at the current level.
It shows that 70% of those farming less than 30 hectares expect to transfer to a family member compared to 61% of those farming more than 30 hectares.
Of those who intend to transfer to a family member in the future, 42% of these family members are currently involved in the decision making process on the farm (mainly for those aged over 60 years (76%)).
Only 8% of farmers intend to lease out the farm and 7% would consider selling the farm in the future.
In Ireland, beef farmers produce animals for a range of markets: 70% finish heifers for slaughter; 61% finish steers; 30% produce young bulls; 17% produce heifers for the replacement market; and 57% produce weanlings for sale (29% target the Irish market and 28% target the export market).
Livestock marts are the most popular place of sale for stock (69% of farmers sell cattle through marts) while over half (54%) sell stock to large processors, the report found.
It also showed that one fifth of farmers sell stock direct to other farmers while one in 10 sell to small processors/butchers and live exporters.
Farmers in Connacht/Ulster are most likely to sell in livestock marts (78% compared to 58% in Leinster). Farmers in Connacht/Ulster sell an average of 63% of their stock in marts in contrast to 37% of stock for Munster farmers.
Over half (54%) of farmers in Munster sell stock to large processors compared to 20% in Connacht/Ulster.
Livestock marts are of greatest importance to suckler to weanling producers (72% of them sell in livestock marts, trading an average of 80% of their stock there).
Those farming less than 30 hectares are more likely (61%) to sell through livestock marts than those farming over 50 hectares (36%) (influenced by the different systems of production).