Farm income rise set to continue in 2011 insists Dept
Published 10/05/2011 | 05:00
Farm incomes rose by more than 30pc (€2bn) in 2010 as the Irish agriculture sector bounced back after two very difficult years.
Exports from the agri-food industry totalled €7.8bn last year, an increase of 11pc on 2009, according to export figures from the Department of Agriculture's Annual Review and Outlook 2010/2011, published this week.
And the growth looks set to continue with predictions of a 3pc rise in the value of agri-food and drink exports in 2011.
Total farm income increased by 31.5pc to almost €2.1bn last year, the report found. The cereals sector had a particularly good year, with output valued at more than €200m, an increase of more than 88pc on the previous year, while the dairy sector increased its exports by 17pc. Minister for Agriculture Simon Coveney said the recovery in farm incomes was good news for food producers and processors but also for the Irish economy as a whole.
"The success of the sector comes at a time of continuing financial difficulties for Ireland," he said.
"I am determined to make the agri-food sector a flagship for positive growth and central to the Government's plans for economic recovery."
Minister Coveney added that initial figures for this year were very promising and he expected growth to continue.