Average 2017 dairy income will exceed €90,000

It’s a record year for farming, and particularly for dairy farming, with Teagasc economists estimating an over 30% increase in the value of output from dairy farms, a sector far outstripping the national economy’s EU-leading 5% growth.

It’s a record year for farming, and particularly for dairy farming, with Teagasc economists estimating an over 30% increase in the value of output from dairy farms, a sector far outstripping the national economy’s EU-leading 5% growth.

This is largely due to a spectacular increase in world dairy commodity prices (particularly for butter), and 36c per litre paid for milk to Irish farmers (compared to 28c in 2016).