IFA highlights farm income decline
Con Lucey, chief economist, said that, in addition, some confusion might have been caused by the results of the 2001 Teagasc National Farm Survey published yesterday.
He said it shows a 17% increase in average family farm income for last year, in contrast to the official Central Statistics Office (CSO) farm income calculation showing an increase of only 4%. "A review of the CSO and Teagasc figures over recent years shows that there is much more year-to-year volatility in the Teagasc figures.
