High lamb prices not the full story
It was a good year for sheep farmers, but it is important to note that while output prices rose significantly, so too did many input prices. Completing a profit monitor analysis allows for critical analysis of all aspects of the enterprise, not just financial but also items such as output, litter size and stocking rate. A profit monitor analysis is an essential tool in identifying where efficiencies, savings and increased outputs can be achieved in the coming year.
Contact your local Teagasc Office for information on how to complete a profit monitor analysis. It is free for existing Teagasc clients.
