Teagasc: Farm incomes to rise by 5% in 2016

Family farm incomes could rise by up by 5% in 2016, according to Teagasc economists in their outlook and economic prospects for agriculture in the year ahead.

The say the removal of the milk quota has seen dairy cow numbers rise sharply in Ireland in recent years, so further expansion in milk production is expected in 2016.

Coupled with a modest improvement in milk prices, this should see dairy farm incomes continue to recover.