Winter Fodder and Financial Survival Guide Launched
A new Winter Fodder and Financial Survival Guide, prepared by the inter agency fodder committee, was launched by the Minister for Agriculture, Food and the Marine, Simon Coveney TD at the ploughing championships in Laois, today, Wednesday, 25 September. The Guide provides practical advice for farmers to manage their fodder and feed reserves this winter and advice on managing their financial cash flow over the winter period.
A survey carried out in the first week of September showed that overall there are adequate supplies, with a fodder surplus of 8% for a 140-day winter. However, it also found that one-in-five farmers face a deficit of 20% of their feed requirements. This winter fodder and financial survival guide is focussed at helping those farmers still with a deficit. It also includes advice for other farmers on how to manage their reserves in the event of an extended winter.
Speaking at the launch, chairman of the inter agency fodder committee, Dr Tom Kelly, Teagasc said: ”We urge all farmers to do their own fodder budget and financial cash flow immediately. With this information they can then plan for the next six months and use the information to explore the best options for their own farms.“
Teagasc Nutritionist, Dr Siobhan Kavanagh said: “Farmers have assumed a 140-day winter feeding period which does not allow for an early winter or a late spring. The most important advice is to act early. The farmers that took steps earliest came through last winter better.“
Fintan Phelan, Teagasc farm management specialist said: “The higher costs incurred on farms this year has left many farmers in a tighter than expected cash position. We urge all farmers to address the issue and complete a 12-month cash flow plan immediately. With this information they will be in a better position to talk to their creditors and agree a repayment schedule.“
The inter agency fodder committee includes representatives from Teagasc; Department of Agriculture, Food and the Marine; Glanbia; Dairygold; ACA; IFA; ICMSA; Macra na Feirme; ICOS; Irish Grain and Feed Association; AIB; Ulster Bank; Bank of Ireland; IFJ; and, the Farming Independent.