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Average dairy farm income to soar to €74,000 in 2019 - Teagasc

A challenging year for beef, sheep and tillage farmers but dairy recovery in full flow


Incomes on dairy farms will continue to race ahead of other farm enterprises this year, according to Teagasc's latest forecast.

Average dairy net margins in 2019 could be up by as much as 18pc per litre or 28pc per hectare on the back of reasonable prices and lower costs.

In its Situation and Outlook forecast for 2019 it says an average dairy farm income of about €74,000 in 2019 (+20pc) is likely.

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