Fertiliser, feed and electricity costs drop but cashflow pressure remains
Overall, in the 12 months to March 2024, the agricultural input price index dropped by 15.3%, while the output price index was down by 3.5% over the same period.
There have been significant reductions in input costs, however, cashflow pressure remains on farms as output prices decline.
Over the 12 months to March 2024, there were drops in the prices recorded for fertiliser (39.9%), feed (16.7%), and electricity (21.8%), CSO figures show.
