Teagasc Beef Budgets 2023/2024
Every autumn Teagasc produces a set of financial budgets as a guide to beef farmers who are buying cattle for finishing over the following 18 months. Purchase prices are based on the prevailing market value at the time for weanlings and store cattle. Inputs required for finishing are also set at current market values.
Each budget calculates a breakeven selling price (cents/kg carcase weight) for that particular system and takes account of the purchase price and all the associated variable and fixed costs incurred. Any proposed margin per head will be additional to the breakeven price.
It is important to remember that these budgets only serve as a guide. It is recommended that each individual work out their own budgets in conjunction with their local Teagasc Advisor to best reflect their own farm situation.