Want to add €700/ha to the profits of your dairy farm?
Expert cites 'biggest research beakthough' in decades
Dairy farmers could drive profits by an extra €500/ha to €700/ha by introducing greater crossbreeding in their herds and introducing more clover into grass swards.
Well-known Cork dairy farmer Michael Murphy described the improved performance which crossbreeding and clover delivered as the "single biggest research breakthrough" he had seen in 50 years working in the sector.
He said the developments had the potential to "turbocharge returns" from Irish dairying, and increase operating margins to €2,800/ha for the very best farmers at a milk price of 32c/l.
"For most people a 30pc lift in profits, or €500/ha, is attainable. But up to €700/ha is possible for the top operators," Murphy maintained.
He said that for a 100ha unit this equated to an annual lift in profits of between €50,000 and €70,000.
Murphy was speaking ahead of Positive Farmers Conference which takes place on Wednesday and Thursday (January 11 and 12) of next week at the Radisson Blu Hotel in Little Island, Cork.
He said the increased profits that crossbreeding and clover could provide for farmers would be central to the presentations and discussions at the two-day event.
"I am not making these claims lightly. There is very strong back-up evidence from research carried out by Teagasc on which the figures are based," Murphy insisted.