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Average farm income set for 3pc lift this year – Teagasc

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The average family farm income (FFI) will increase by 3pc to €25,600 this year, says Teagasc

The average family farm income (FFI) will increase by 3pc to €25,600 this year, says Teagasc

The average family farm income (FFI) will increase by 3pc to €25,600 this year, says Teagasc

Irish farmers dodged a €470m income hit thanks to the pre-Christmas Brexit Deal, and will enjoy a modest lift in farm profits this year, Teagasc has forecast.

A new report by Teagasc estimates that the average family farm income (FFI) will increase by 3pc to €25,600 in 2021. This is up from €24,750 in 2020.

Teagasc economists had warned in November that a hard Brexit could lead to an 18pc collapse in farmer earnings as agricultural exports to Britain faced serious disruption in such a scenario.


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