Teagasc experts urge producers with high cost structures to cut spending

TEAGASC experts, who are predicting a dramatic decline in milk price this year, are urging producers with a high cost structure to cut spending.

The experts are warning that the projected milk price this spring could equal or exceed milk production costs on many farms.

Teagasc is advising milk producers to develop a financial plan now that establishes gross output, determines the income required by the farm family to live for the year and ascertains debt repayments.