Teagasc advice: Cattle farms can earn 20%-30% extra in 2015

Incomes on cattle finishing and single suckling farms are likely to increase by about 20% and 30% respectively, according to the mid-year assessment by Teagasc economists.

EU beef production in the first half of 2015 is ahead of production levels in the first half of 2014. Total beef production is 5% higher than over the same period in 2014.

This increase is largely due to a surge in cow slaughter in Q1, 2015 in a number of member states facing difficulties to remain within their milk quota.