Farm Business
Scheme updates: Balancing payments commence and extension to organics deadline
0 Scheme updates: Balancing payments commence and extension to organics deadline The Department of Agriculture, Food and the Marine has provided updates in regard to scheme balancing payments, the ‘young farmer’ scheme and application deadlines for ACRES and the Organic Farming Scheme over recent days. CRISS, BISS and Young Farmers Balancing payments under […]
6 December 2023
2023 a challenging year, but outlook for 2024 more positive
2023 a challenging year, but outlook for 2024 more positive A new report, by economists at Teagasc, provides the latest estimates of average incomes for various farm types in 2023 and looks ahead to future prospects by forecasting farm incomes in 2024. A high production cost environment has dominated agriculture over the […]
28 November 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
Scheme updates: SIS payments commence and deadline for Unharvested Crop Support Scheme approaches
Scheme updates: SIS payments commence and deadline for Unharvested Crop Support Scheme approaches Over recent days, the Department of Agriculture, Food and the Marine (DAFM) has provided updates in regard to the Sheep Improvement Scheme (SIS) payment dates and additional funding being directed to tillage farmers with unharvested cereal crops. On November […]
21 November 2023
Teagasc releases indicators of farm technical performance
Teagasc releases indicators of farm technical performance At its upcoming Agricultural Outlook Conference on Tuesday, 28th November in Ashtown Dublin, Teagasc will release its first estimates for incomes in the major farm systems for 2023, as well as prospects for 2024. Ahead of this event, Teagasc economists have released the final figures […]
21 November 2023
Scheme updates: organics, Eco-Scheme payments and soil sampling programme extension
0 Scheme updates: organics, Eco-Scheme payments and soil sampling programme extension The Department of Agriculture, Food and the Marine has provided a number of scheme updates recently. These include the reopening of the Organic Farming Scheme, an update on Eco-Scheme payments and an extension to the Soil Sampling and Analysis Programme application deadline. […]
1 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