Financial planning and innovation boost farm output: advisory firm

Innovation and financial planning are playing a key role in the expanding output evident in Irish agriculture, business advisory firm Grant Thornton has said.

While the latest CSO figures reveal a 0.5% monthly decrease in the agricultural output price index for March versus February, Grant Thornton has signalled the 11% increase for Mar 2012 against Mar 2013 is more significant.

Traditionally, farm output decreases in March as dairy farmers strive to avoid exceeding their EU quotas before the March 31 deadline.