Significant increase in dairy farm income forecast this year while other sectors see a drop

The impact of price inflation on agricultural incomes is now becoming clearer, Teagasc said.

An increase of 30% or more in income on dairy farms is forecast. 

A significant increase in income this year is forecast on dairy farms, with a rise of 30% or more on 2021.

This increase would take the average dairy farm income figure to over €130,000, Teagasc economists have said in a new report.