IFA annual report lays bare organisation's full figures
The IFA has published its annual report for 2016, with detailed accounts and a breakdown of its work over the past year.
It comes almost a year on from Joe Healy's election as President of the organisation and less than18 months since a high profile pay scandal engulfed the organisation and led to the resignation of both its President and General Secretary.
According to the report, its membership figure stands at 75,829 - significantly down from the 88,000 it claimed to have just three years ago.
Delving further into the report, the figures show that income in 2016 was €18,977,049 - down from €20,187,698 in 2015 - a drop of €1.2m.
Further, its investment income was down from €346,000 in 2015 to €229,000 in 2016, while the value of its investments was down €3.6m.
The figures also show that its reserve fund down is down €3m.
They also show that the European Investment Fund (EIF) levy, which it collects from farmers, dropped 12pc from €4.692m in 2015 to €4.1m in 2016, back some €500,000 on 2015.
Its Brussels office cost €597,000 and IFA spent €416,075 on membership recruitment and €439,619 on membership promotion.