No-deal Brexit could leave a 40% hole in Irish beef farm incomes

With tariffs, Irish exports to the UK would decline, and prices would fall by about 20%, 8%, and 7% respectively, for cattle, pigs and milk in 2021.

Without a Brexit trade deal, the average income on Irish beef farms could drop by 40% in 2021, according to Teagasc experts.

The UK market has traditionally been Ireland’s second “home” market for beef, and is estimated to have taken 47% of Irish beef exports so far this year.