No magic solution to cope with low milk prices

Ireland’s milk represents about 0.8% of global production, and irrespective of our scale or how much we expand, in general we are price takers, said Teagasc advisers at the recent Greenfield Dairy Farm Open Day in Co Kilkenny.

Therefore, the focus must be on putting the farm in the best possible position to deal with a volatile price, while availing of tools and mechanisms to stabilise price.

It must be recognised that most dairy farmers will this year experience a cash deficit, when they combine cash generated from the dairy farm with their drawings and tax.