Farm income €200m less than expected
Published 05/03/2011 | 05:00
FARM incomes didn't rise nearly as much last year as official figures originally indicated.
Incomes rose by 31.5pc in 2010, but this was well short of the 46pc estimated by the Central Statistics Office (CSO) in December.
Revised figures show that overall farm income was €200m less than the CSO's original estimate, coming in at €2,071m.
The Irish Farmers' Association (IFA) expressed disappointment at the disparity -- and said it showed that average farm income was just €16,000 last year.
IFA president John Bryan welcomed the correction from the CSO, which he said was in line with the IFA's estimate.
The CSO said the change was explained by differences in how they calculated cattle output and by the deferred payment of some 2010 subsidies until this year.
Mr Bryan added that farmers were still not getting a fair share of the retail price, especially in the meat sector.