New dairy farm entrants budget for profit of 5c per litre
About 230 new stand-alone dairy farm businesses have received 200,000 litres of milk quota from the new entrant scheme in its first three years. About another 120 are expected to establish by 2015.
Most (81%) of the 230 new entrants in place are located in the south and south east, according to a study by Teagasc and UCD staff of the detailed five-year business plans submitted by scheme applicants, which is the subject of a report in the TResearch magazine published by Teagasc.
