Teagasc and IFA at odds on farm income figures
The IFA has estimated that farm incomes fell less in 2015 than the 9pc calculated by Teagasc. The Farm Income Review compiled by IFA economist Kevin Kilcline states that average incomes were down on 2014 by 3pc, or €75m.
The main reason for the fall was the drop in milk prices and dairy farm incomes. While there was also a fall in the prices for pigmeat, cereals and poultry, prices for sheep, beef, poultry and potatoes all increased.
In addition, output volumes are estimated to have risen significantly for the dairy and cereals sector, while there was also some rise in cattle, sheep and poultry volumes. Good growing conditions for pasture and crops resulted in lower input costs and good performance across most sectors.
Deteriorating weather conditions during the winter affected vegetable growers most, with the IFA's horticulture chairman, Matt Foley, claiming there was a crisis unfolding in the fields.
"Waterlogging and higher disease levels have resulted in crop losses running up to 30pc across all lines," he said.
Beef prices increased by 8pc for finished animals, while production costs fell during a kind summer and autumn.
Sheep farms recorded a marginal increase in prices, resulting in a slight increase in the estimated income on sheep farms, to about €16,000.
The potato sector recorded a 45pc price increase, while the pigmeat sector recorded a 19pc fall.