Irish farmers earn more from milk

Published Jul 3, 2023

Tridge summary

Irish dairy farmers had a successful year in 2022, increasing their income by an average of €52,000 or 53% compared to the previous year. However, other sectors such as sheep and beef cattle farming saw a decrease in income. Looking ahead to 2023, the president of the Irish Farmers Association predicts difficult prospects for farm income, with falling input prices and rising costs leading to financial pressure for many farmers.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Dairy farmers benefited the most Irish dairy farmers can look forward to 2022 with great satisfaction. Due to high raw milk prices, they were able to increase their income by an average of €52,000 or 53% of their income. to €151,884 compared to 2021. In contrast, Irish farmers increased their combined income by an average of €45,809, an improvement of 32% compared to the previous year. Teagasc) covering the last calendar year, Strong price movements According to experts, 2022 was characterized by strong movements in the prices of commodities, including agricultural products, energy and agricultural inputs, as well as high global inflation. As explained by Teagasc with regard to the relatively high income of dairy farmers, this required an average of 1.45 family workers to contribute to production. It was the highest labor requirement for all agricultural industries. Irish arable farmers improved their income by 32%. up to EUR 76,654. In contrast, the income of Irish sheep farmers ...
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