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Protecting your farm income in 2022

On this week’s episode of The Dairy Edge, Dairy Specialist Patrick Gowing joins Emma-Louise Coffey with an insight into projected costs of production in 2022 and strategies to maintain profitability

Patrick explains that costs of production are expected to be in excess of €1,500, increasing from €1,311 in 2020, with fertiliser and concentrate accounting for 40% of total costs.

Patrick recommends that dairy farmers calculate break-even milk production to cover costs; the formula= total cost of production / milk price (per kg milk solids). For mature cows with milk solids below the break-even production are a cost to the system.

For more information watch: Cost control for 2022

For more episodes from the Dairy Edge podcast go to the show page at: www.teagasc.ie/thedairyedge

The Dairy Edge is a co-production with LastCastMedia.com