Beef producers can enjoy average gross profit margin of €900/ha

Beef producers can achieve an average gross profit margin of €900 per hectare, according to farm trial figures unveiled by Teagasc at yesterday’s Beef 2014 event at Teagasc, Grange, Co Meath.

Over 8,500 farmers attending the event were presented with the latest results from the Derrypatrick and Maternal Index herds. Teagasc’s Derrypatrick herd achieved an average gross margin of €900/ha over the last three years.

Additionally beef farmers on the Teagasc/Irish Farmers Journal Better Farm Beef Programme increased profit by 66% over a three-year period from productivity gain.