Farm Ireland

Tuesday 12 December 2017

Retailers reap profits

A Dutch study has found that the profit for retailers in key farm products is 22pc, while farmers themselves made less than 1pc.

The Agricultural Economics Research Institute in Wageningen University looked at profits in the food chain over a four-year period up to 2009.

It found that the combined profit for retailers in the dairy, pork, and fruit and vegetable sector was 22pc.

In contrast, dairy farmers made a profit of 0.3pc while pork farmers and horticulture producers made respective losses of 2.9pc and 5.5pc during the same period.

Reacting to the findings, Fianna Fail MEP Liam Aylward said that the study put shocking numbers on what farmers have being saying for the past number of years.

"Farmers are being squeezed in a supply chain that is making generating a fair livelihood impossible," he said.

"The food supply chain is not working for farmers and it is not working for consumers.

"It is time to stop just talking about this and take action to address this shocking inequality before farmers are wiped out."

Also Read

Darragh McCullough

Indo Farming