ICBF doubles profit in 2015, despite drop in income

The income of the Irish Cattle Breeding Federation (ICBF) reduced in 2015 while its profits nearly doubled.

Last year, 79,000 herds with 2.21m calvings in both dairy and beef were participating in one or more aspects of its database.

For the year ended December 31, 2015, its income was €7.68m, down from €8.74m, according to its recently-published 2015 annual report.

However, a €1.14m reduction in operating expenses for the year helped generate its “surplus on ordinary activities after taxation” (in effect, profit) which almost doubled, increasing from €74,987 to €147,000.

ICBF

According to its annual report, ICBF’s headline project early in 2015 was the Beef Data and Genomics Scheme.

“Over 26,000 farmers joined the scheme, and while there we some concerns about the scheme requirements, farmers responded extremely well to the job of tagging the stock bull, and a number of cows and younger stock,” the report said.

The report said that last year the uptake of milk recording was at an all-time high record of 650,000 cows across more than 6,600 herds.

This represents an 8% increase on milk recording from 2014 and represented over 50% of dairy cows in Ireland.

CATTLE TAGS

About €894,000 was collected from farmers through the ordering of cattle tags, up from €855,000 in 2014.

ICBF’s tag contribution is used to fund: Gene Ireland Breeding Programme Activities (both Dairy and Beef); Animal Events Data collection (e.g. Animal Events books, cost of keying data, etc.); and, Genetic Evaluations infrastructure (computers, geneticists).

A registered charity, the Cork-based ICBF provides cattle breeding information services to the Irish dairy and beef industries.

According to the report, in 2015 the major contributions ICBF made towards its objectives included:

  • The continued high usage of genomically select-ed (GS)bulls in dairy cattle breeding, with an increase in the numbers of females genotyped.
  • Working with the Beef and Dairy Herdbooks in the genotyping of all newly-registered pedigree stock bulls to ensure correct parentage.
  • Delivery on behalf of the Dept of Agriculture of the Beef Data and Genomics Programme.
  • Growth in the HerdPlus service to Beef and Dairy herds to 17,500 herds.