Welcome profitability trend for farmers
An 11.8% fall in fertiliser prices over the past year has been one of the favourable trends for farmers.
Compared to 12 months ago, better prices for produce and reduced costs of production have combined to increase farming profitability by an impressive 9.1%.
The Agricultural Price Indices series from the Central Statistics Office shows that price increases for calves of 24.4% and for sheep of 12.8%, and price cuts of 11.7% for motor fuels, and 11.8% for fertilisers were among the trends that helped farmers in the year from August 2019 to August 2020.
