18% drop in incomes on dairy farms

The Teagasc farm survey confirms the serious income situation in farming, particularly on dairy holdings, according to the ICMSA.

President Pat O’Rourke said the report confirmed that the largest income decline last year took place on dairy farms with an 18% income drop. Overall farm incomes fell by 5.8%.

Warning that CAP reform will not help in the future, he said it was crucial that Farm Minister Joe Walsh concentrates on minimising the negative affect the deal is going to have on the dairy sector.