€5m per year forecast for heifer rearers

At the recent Collaborative Farming Conference in Clonmel, George Ramsbottom of Teagasc said if heifers from 1,000 herds are contract reared, it will be a € 19m per year business, offering a € 5m reward to rearers.
This is based on a 25% replacement rate in 120-cow herds, which each require 30 heifers at an average rearing fee €637 each for 590 days of rearing.