Opinion: Expansion in dairy sector must be from efficient base

Irish dairy farmers have plans to increase the size of their business to capitalise on global demand.

Global dairy demand is growing by at least three times Ireland’s annual milk output. As we approach the end of the 31-year EU milk quota regime, many Irish dairy farmers have ambitious plans to increase the size of their business to capitalise on the increased global demand.

However, as in any business, this expansion must be from an efficient base.