IFA warns farmgate prices need to rise 15% to cover mounting costs

FARMERS need farmgate prices to jump by 15% just to cover production cost inflation, according to IFA President John Bryan.

Speaking after a meeting of the IFA Retail Project Team in Dublin, Mr Bryan said that farmgate prices have to increase by at least 15% to reflect escalating production costs this year.

He said that farmgate prices will have to increase significantly to cover the internationally-driven increases in fuel, feed and fertiliser since the beginning of the year.