Farm Business
Why Cash is still King
0 Why Cash is still King Cash is the lifeblood of every farm business and cashflow management is critical to success, writes Trevor Dunwoody Teagasc Farm Management Specialist. Put simply, cash flow is the measure of the movement of money in and out of your farm business. Years with lower product prices, higher […]
9 January 2024
Stay Safe this Christmas
Stay Safe this Christmas Christmas brings great excitement and activity with family returning home and friends visiting. Keeping a focus on safety on the farm and around the farmyard is very important. Francis Bligh, Teagasc Health and Safety Specialist tells us how we can stay safe during this time. Rushing and tiredness […]
21 December 2023
More farmers and their spouses worked off farm in 2022
More farmers and their spouses worked off farm in 2022 The final results of the National Farm Survey 2022, representative of 85,000 farms nationally, were published earlier this week and they presented some interesting stats in relation to the uptake of off-farm employment at farm level. The survey indicated that 40% of […]
23 November 2023
57% of farms earned less than €20,000 in 2022
57% of farms earned less than €20,000 in 2022 Teagasc economists have released the final figures from farm incomes in 2022 based on the Teagasc National Farm Survey (NFS). The results are representative of over 85,000 farms nationally. Presented in the form of Family Farm Income (FFI), which represents the return from […]
22 November 2023
Why pension planning is key in the early stages of your farming career
Why pension planning is key in the early stages of your farming career Securing an income from a pension after retirement from farming can ease money worries and also ease the cash flow burden on the successor by providing the retiring farmer with a guaranteed income source for their later years. Both […]
31 October 2023
Is organic farming profitable?
Is organic farming profitable? With the reopening of the Organic Farming Scheme (OFS), many farmers are wondering is organic farming profitable. Enda O’Hart tells us more. Based on 2022 figures comparing organic and conventional beef farms, we find that organic farming is more profitable, that organic farmers are less intensely stocked, have […]
30 October 2023
Weather, workload and money: the issues stressing Irish farmers
Weather, workload and money: the issues stressing Irish farmers Emma Dillon, Mary Brennan and Brian Moran, tell us how the National Farm Survey shows how the social sustainability side of agriculture is changing. Sustainability is generally said to have three dimensions, namely economic, environmental and social. Much focus to date has been […]
27 October 2023
ACRES courses and October tasks for completion
ACRES courses and October tasks for completion October 2023 has been a busy month to date for agricultural schemes and compliance with deadline dates. Sinéad Devaney, B&T Drystock Advisor, Teagasc Galway/Clare, includes some reminders of these in this article. National Genotyping Programme – sign up to this via ICBF by 31st October […]
26 October 2023
The A to E of successful farm transfer
The A to E of successful farm transfer Traditionally in Ireland, land continuously passes from one generation to the next. This transfer of ownership does not always go smoothly. While there is no magic formula to guarantee the successful transfer of a farm from one generation to the next, major difficulties can […]
26 October 2023
Significant farmer demand to host apprentices
Significant farmer demand to host apprentices Up to 100 farms have registered to take on the first ever farming apprentices this year. Two new farming apprenticeships – the Farm Manager apprenticeship and the Farm Technician apprenticeship – will host 30 students on each programme over a two year duration. Apprentices will be […]
24 September 2023