Average incomes on tillage farms set to drop by 40pc
Published 14/09/2016 | 02:30
Tillage farmers have been warned to keep a firm handle on land rental and machinery costs.
Forecasting that average income on tillage farms was likely to fall by around 40pc this year - dropping from €34,000 to €20,000 on National Farm Survey farms - Teagasc researcher Fiona Thorne said controlling costs would be vital.
She cautioned growers against expanding their operations simply to maintain income, pointing out that increasing efficiency rather than scale was generally a wiser approach.
Ms Thorne said the outlook for the cereal sector was not good and showed no sign of improving before the end of the decade.
She was speaking at last week's Teagasc National Crops Forum.
There should be no shortage of seed for this autumn's sowings despite poor harvest yields.
Meanwhile, Donal Fitzgerald of Goldcrop said he was quietly confident that seed demand for sowings will be met.