Financial planning is critical in these times of farm volatility

Volatility is becoming a bigger part of the Irish farming landscape.

Over the last 12 months, market prices for beef, grain and milk, have dropped by about 10%.

The causes of these price drops are many and varied, from near record world production of grain to the Ukraine-Russia crisis, the substitution of beef with other meats, and increases in production in milk across Europe and New Zealand, thanks to ideal grazing conditions.