66% wool price fall the biggest shock in year of negative price trends for farmers

In the past year, potato prices decreased by a massive 39%, and grain prices also plummeted, by 27.5%. Prices for produce fell 4.3% overall for farmers, but their costs of production also fell, by 3.5%.

Grain and potato prices plummeted in the past year, but farming profitability only declined slightly, according to the latest agricultural price statistics released by the Central Statistics Office (CSO).

In June, compared to a year earlier, calves were dearer, motor fuel cheaper; egg and chicken prices improved, and electricity charges are on the decrease, according to the CSO.