Farm incomes to stay at record levels but expected to fall next year

IRISH farmers’ incomes are set to remain at record levels this year but will come under pressure next year with incomes falling especially in the dairy sector.

Farm incomes to stay at record levels but expected to fall next year

A report released by Teagasc economists Trevor Donnellan and Kevin Hanrahan yesterday said an increase in the milk quota and the introduction of the suckler cow welfare scheme will mean that broadly speaking, farmers will not see a dramatic reduction on the record income level in 2007, even though input prices for feed and fertiliser have risen considerably.

“There is a mixed bag of prospects across the commodity sectors for 2009.

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