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Financial

Teagasc eProfit Monitor

The Teagasc eProfit Monitor is a system which allows drystock farmers and their advisers to analyse the physical and financial data of their farms. The system allows farmers to idetify the strenghts and weaknessess of their farms and assess how they currently performing when benchmarked with the rest of the country. Each year Teagasc produces a booklet showing the summary results for the beef and sheep Teagasc eProfit Monitors analysed:


Teagasc Cattle Finishing Budgets

Each autumn Teagasc produces a set of financial budgets that are a guide to beef farmers who are buying cattle for finishing over the following 18 months. Purchase prices are based on the prevailing market value at the time for both weanlings and store cattle. Similarly, inputs required for finishing are also set at current market values.

Each budget calculates a breakeven selling price (cents/kg carcase weight) for that particular system and takes account of the purchase price and all the associated variable and fixed costs incurred. Any proposed margin per head will be additional to the breakeven price.

It is important to remember that these budgets only serve as a guide to beef farmers. It is recommended that each individual work out their own budgets in conjunction with their local Teagasc adviser to best reflect their own farm situation.

Budgets September 2017


National Farm Survey

The National Farm Survey is operated as part of the Farm Accountancy Data Network of the EU and fulfils Ireland’s statutory obligation to provide data on farm output, costs and income to the European Commission. A random, nationally representative sample, of between 1,000 and 1,200 farms depending on the year, is selected annually in conjunction with the Central Statistics Office (CSO). Each farm is assigned a weighting factor so that the results of the survey are representative of the national population of farms.

The performance of both cattle finishing and single suckling enterprises in 2016 are summarised in two factsheets: