Teagasc: Irish milk costs among lowest in world

A detailed study of competitiveness in the main sectors of Irish agriculture has found that the country is still one of the lowest cash cost producers of milk globally.

Profitability, costs of production, value of output and some partial productivity indicators such as milk yield, stocking density, cereal yield, and labour productivity were examined in the Teagasc research.

Data used in the Department of Agriculture-funded study was from the Farm Accountancy Data Network published by the European Commission.