Feed prices rise by 34.2% in July as farmers face winter price challenges

Many farmers are facing significant challenges due to the vast price hikes in inputs, with fertiliser prices up by 133.8% and the cost of electricity rising by 39.9%

The rising feed prices are expected to hit farmers as they construct their winter budgets. Picture: David Creedon.

Feed prices have risen by 34.2% on an annual basis to July 2022, according to statistics released by the Central Statistics Office (CSO) on Tuesday.

Record rates of inflation, soaring energy prices and the ongoing war in Ukraine are driving up prices for farmers, with the agricultural input price index increasing by 39.1% in the year from July 2021.