Dairy plantation incomes see a 9% boost in 2019

Dairy plantation incomes see a 9% boost in 2019Dairy plantation incomes see a 9% boost in 2019

The normal family plantation income on dairy farms in 2019 amounted to €66,570, that is an boost of 9% when compared to a 2018 figure, according to a Teagasc National Farm Survey.

A series of factors including some-more enlightened continue conditions in comparison to 2018, a tumble in feed output and an boost in divert prolongation were adequate to see incomes rise, notwithstanding a 3% tumble in divert prices final year.

There were only over 16,100 dairy farms represented in a survey.

Purchased combine output decreased by 14%, with feed volumes averaging 1,122kg/cow.

Overhead costs augmenting on dairy farms in 2019. This was due, for a many part, to debasement costs for buildings and machinery. Increases ranged from 4% adult to 14%.

Hired work costs continued to boost on dairy farms in 2019. On average, output augmenting by 3% to €5,504.

In terms of pivotal indicators for dairy farms, on a per-hectare basis, divert prolongation augmenting by 6% to 11,799L. Average sum submit per hectare was unvaried during €4,163. However, the 8% rebate in approach costs, resulted in sum margins augmenting by 5% to €2,504.

In terms of plantation size, approximately 42% of dairy farms fell into a 50-100ha bracket, while 32% fell into a 30-50ha area.

Smaller farms represented 16% of a dairy plantation population, while a remaining 10% represented farms above 100ha.

Article source: https://www.agriland.ie/farming-news/dairy-farm-incomes-see-a-9-increase-in-2019/

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