Farm incomes up 32%, but 20,000 farms still make less than €5,000

Farm incomes up 32%, but 20,000 farms still make less than €5,000

A new report shows farm incomes increased by 32% last year to a record level.

The Teagasc National Farm Survey says there was an average earning of almost €25,000, with farmers benefiting from favourable market conditions for dairy and beef products.

However the study shows that 20,000 or 21% of farms make less than €5,000, while 15% earn more than €50,000.

The report also shows there was a 20% reduction in farm business debts in 2011, falling to a total of €1.8bn.


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