Milk price hit but farm income increases

Strong cattle prices boosted farm income in 2015 but there was a big fall in milk price, according to the Teagasc National Farm Survey.

The preliminary estimates, published yesterday, show family farm income increased by 6% in 2015, bringing the average figure to €26,526.

According to the report, there was a 6% increase in average farm income, despite the considerable milk price fall.