Tillage
Teagasc has just published its Crop Costs and Returns 2024 overview. It is intended as an indicative guide to crop margins.
Agri-Business
The benefits of completing profit monitors regularly has been underlined in a new study on the matter which was published recently.
Crop returns increased for many tillage farms in 2018. However, preliminary results from the 2019 Teagasc e-Profit Monitor suggest a decline.
Results from the recent Teagasc E-Profit Monitor showed average break-even costs, at average yields across 342 farms.
The net margin of a spring feed barley crop - the most popular tillage crop in the country - is just 25% that of fodder beet.
Data from the 2017 Teagasc E-Profit Monitor for tillage shows that the average net margin increased by €237/ha from the 2016 level.
Leave the plough in the shed and reduce your seed rate to make more money from oilseed rape. That was the main message from John Spink.
The top 33% of tillage farmers are spending €199/ha on machinery costs. This is according to results from 2016 Teagasc e-profit monitors.
The average performing specialist tillage farms had a net margin of -€98 in 2016. This data comes from the Teagasc 2016 e-profit monitor data.
Approximately 18,000 Irish farmers are now using the Teagasc eProfit Monitor programme, according to Teagasc.
