While recent reports indicate some improvement in dairy markets, dairy farmers cannot afford to lessen their focus on cost control for 2015, according to Teagasc.

It says that there are two main reasons for this: firstly, the relentless upward trend in milk production costs; and, secondly, the additional costs associated with expansion.

“Unless there is a among farmers focus on cost control, there is a real risk that individuals other than the farmer producing milk will be the ones to benefit,” it says.

With this is mind Teagasc has the following advice to farmers on reducing two of the bigger cost items: meal feeding and fertiliser. Teagasc will also be providing advice on how to tackle other cost items over the coming months.

Teagasc advises to identify what you want, shop around for the best value available, avail of discounts/special offers/cash deals where available and of benefit to you, and only buy what you need.