Farm Ireland

Monday 20 November 2017

Farm incomes tumbled by 7.5pc last year

Caitriona Murphy

Caitriona Murphy

Farm incomes fell by 7.5pc last year, according to the CSO's final estimate of operating surplus in agriculture.

The figures show farmers had an operating surplus of €2.241m last year, having sold animals, crops and produce worth €6.717m and spent €5.293m on farm inputs.

The final figure includes direct payments to farmers amounting to €1.639m.

The 7.5pc drop in income in 2012 follows a 35pc rise in profits in 2011. Higher feed prices and volumes were one of the biggest reasons for the income drop.

Spending on feed rose by 22pc, or €259m, last year.

The IFA has criticised the CSO's latest figures, claiming they have been revised several times in recent months.

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