Economists predict rise in farm income this year

FARM income is expected to improve this year, following a 30% drop in 2009, Teagasc economists predicted yesterday.

The average farm income in Ireland in 2009 is estimated to have declined to €12,000 per farm – the lowest since 1999.

However, the 180 delegates at the Teagasc Outlook Conference 2010 in Portlaoise yesterday heard an improvement is likely in 2010.