Teagasc National Farm Survey 2019 Dairy Enterprise Factsheet
The 2019 Teagasc National Farm Survey (NFS) recorded data on close to 900 farms representative of over 90,000 farms nationally. This analysis summarises the results of dairy enterprises, excluding farms supplying mostly liquid milk and herds of 10 cows or less.
Data from the Teagasc NFS indicates that the average milk price fell by 3% in 2019 resulting in a 4.1% reduction in gross output per litre year-on-year. However, a large reduction in concentrate feed expenditure, and reduced expenditure on forage resulted in a 10.8% decrease in total direct costs for the average dairy enterprise. Total fixed costs decreased by 1.6% overall in 2019. On average, total production costs decreased by 7.1% in 2019, to approximately 24.98 cent per litre of milk. The margin figures reported here include costs for hired labour, but the methodology does not treat farm family labour as a cost. Decoupled payments are also excluded.
View the factsheet in full here: NFS2019 Dairy Enterprise Factsheet
The grapic below gives an overview of the average performance in 2019.