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Outlook 2023 - Economic Prospects for Agriculture

13 December 2022
Type Report

This publication from the Teagasc Agricultural Economics and Farm Surveys Department takes a look at the 2023 prospects for agriculture for 2023 covering Dairy, Cattle, Sheep, Tillage, Pigs, Forestry and Sustainability

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  • The outlook for Irish agriculture in 2023 is conditional on a normal weather assumption.
  • The cost inflation of 2021 and 2022 will leave overall production costs at a high level in 2023.
  • Fertiliser prices are forecast to remain unchanged in 2023. No change in usage levels is anticipated.
  • For the year as a whole, feed prices are forecast to increase by about 10 percent in 2023.
  • Fuel prices are forecast to fall by 14 percent in 2023.