Dairy
With poor milk prices currently on offer, reviewing the farms performance is a necessity to see whether you are over- or under-performing.
Tillage
As Irish tillage farmers look to the future, they must have an accurate handle on their own specific levels of performance.
Head of dairy knowledge transfer at Teagasc, Dr. Joe Patton spoke to Agriland about why dairy farming is still a very attractive job.
A review carried out by Teagasc of over 700 dairy farms has found a difference in range of €570/cow in terms of on-farm costs.
Agri-Business
The benefits of completing profit monitors regularly has been underlined in a new study on the matter which was published recently.
Net profit per hectare on spring-calving dairy farms increased by approximately €150/ha in 2019, when compared to 2018 figures.
The top 25% of spring-calving dairy farmers are making €992/ha more than the average, according to the Teagasc Profit Monitor analysis.
While feed usage and milk production increased in 2018 the net profit declined by a massive 28% or €648/ha.
The exclusion of farmers’ own labour costs, to date, from cost analyses has been a topic of much discussion and debate at farm level.
