Outlook 2024 - Economic Prospects for Agriculture
Type Event Proceeding
The Teagasc Agricultural Economics and Farm Surveys Department review of 2023 and a look forward to the 2024 prospects for agriculture covering Dairy, Cattle, Sheep, Tillage, Pigs, Forestry and Sustainability
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Margins for 2023 - relative to 2022
Dairy - down substantially, due to lower milk prices
Beef - up on cattle rearing, stable on cattle finishing
Sheep - up, due to input cost savings
Tillage - down substantially, due to lower harvest prices and yields
Pigs - up substantially, due to higher output prices
Outlook for 2024 - relative to 2023
Dairy - improved margins, due to higher milk prices
Beef - up for cattle rearing and finishing, input cost savings
Sheep - up slightly, due to input cost savings
Tillage - up substantially, due to higher harvest prices and yields
Pigs - down appreciably, due to lower pig prices
Presentations (pdfs)
- Opening remarks - Macro Outlook - Trevor Donnellan
- Agri inputs and cereals - Fiona Thorne
- Pigs - Michael McKeon
- Forestry - Tom Houlihan
- Cattle - Jason Loughrey
- Sheep - Anne Kinsella
- Dairy - Emma Dillon
- Environmental Sustainability - Cathal Buckley
- Farm Income - Trevor Donnellan