Sheep
Average sheep farm incomes in 2025 increased slightly due to higher output prices and lower costs.
Farm Survey
Sheep and lamb prices in 2025 increased by about 6% on the record levels of 2024, while income rose by 7%, according to Teagasc.
The proportion of sheep farms earning a family farm income (FFI) of less than €5,000 was up six percentage points to 43% in 2023.
A modest increase in lamb prices is forecast for 2024, as specified in the Teagasc Outlook report for 2024 published today.
