Farmers face grim winter as silage prices increase by 31%
Bale prices have rocketed by 19.96pc year-on-year as the shortage of animal feed intensifies, according to an in-depth analysis undertaken by DoneDeal.ie.
Bale prices have rocketed by 19.96pc year-on-year as the shortage of animal feed intensifies, according to an in-depth analysis undertaken by DoneDeal.ie, Ireland's largest online farming advertiser.
DoneDeal.ie analysed over 5,000 adverts for bales placed on the site in June and July this year and compared those to the same period in 2017.
The research shows that silage has seen the most dramatic rise, with prices increasing by 31pc from €20.24 a bale 12 months ago to €29.22 a bale now. Meanwhile, hay is up 18pc to €27.23 in the same period.
Regionally, the most dramatic price rises were seen in Leinster, where bale prices (Silage and Hay) have increased by 26pc compared to the same period in 2017.
The price of straw has also sky-rocketed from an average of €16.35 a bale in June and July of 2017 to €24.02 now, an increase of 32pc in 12 months.
Speaking about the research Adam Ferguson from DoneDeal.ie said it shows how farmers are currently in a crisis.
“This is a crisis for farmers. The snow in spring followed by the extreme drought has made the production of hay, straw and silage extremely difficult and we’re seeing this now in these surging prices," he said.