Agri-Business
Farmers in Cork and Kerry, the largest milk producing region in the country, saw total "entrepreneurial income" rise by 67% last year.
The value of milk grew by 16% to €4.1 billion in 2024 due to "little change in volumes", while milk prices increased by 17%, the CSO said.
Dairy
The Minister of Finance acknowledged in Budget 2025 the concerns voiced by farm organisations about the viability of family farms.
The agricultural operating surplus fell by 39%, or €1.9 billion, to €2.9 billion last year, according to latest CSO figures.
ICMSA president, Denis Drennan has said that the government 'should be ashamed' of the Teagasc farm income findings
Dairy News
Four in ten Irish dairy farmers had an average income of less than €30,000 in 2023, according to a new report.
The average income for Irish dairy farmers was €49,500 in 2023, a fall of 69% or €108,000 on the previous year, according to a new report.
Rural Life
The disposable income in most rural counties is below the state average according to the latest data from the Central Statistics Office (CSO).
Aurivo and Teagasc have selected five farms to take part in the fourth phase of their joint farm profitability programme.
The value of milk production in Ireland in 2023 is forecast to drop by almost €1.4 billion to €3.6 billion this year according to the CSO.
Almost 60% of the income in Irish agriculture in 2022 was produced on just over 15,300 dairy farms, according to Teagasc.
People living in Co. Donegal earn about 40% less than those who live in Dublin according to the latest data from the CSO.
The average Irish milk price for 2023 is now likely to be down 25% on the average for last year, according to a new report.
The average income on Irish dairy farms could drop by over 50% this year, compared to 2022, a new report has found.
Sheep News
The average income on sheep farms in Ireland has decreased by 21% within one year to an average of €16,454, a new survey has shown.
A meeting is taking place this weekend in Co. Westmeath to explore the possibility of establishing...
If a farmers profit drops from €20,000 in 2019 to €5,000 this year, they will not be able to use this ‘step-out’ option for income averaging.
Tillage
Teagasc released its Situation and Outlook for Irish Agriculture report on Tuesday, August 4. The outlook for tillage was negative.
The Initial Economic Assessment of the impact of Covid-19 on Irish Agriculture issued last week did not read positively for tillage.
Low starting salaries for new agri-researchers and farm advisors is becoming a growing concern at agri-education authority Teagasc.
Following yesterday's announcement of Budget 2018, ICOS (Irish Co-Operative Organisation Society) President Martin Keane gave his reaction.
The income boost forecast by Teagasc for dairy farmers must not distract from future challenges to the sector, the IFA's Sean O'Leary said.
The IFA has lost a total of 3,682 members in 2016, while the association's income also fell by over €1.2m, its annual report has shown.
