Average farm incomes increase by 26% in 2021

Dairy farms recorded the highest level of income, at a record €97,250 on average.

The average farm income rose to €34,300 in 2021, up 26% from the previous year, according to figures released by Teagasc today.

The increase in income was driven mainly by rising output prices and higher levels of production. Such increases outweighed the steep rises in input costs.