Situation and Outlook for Irish Agriculture July 2024
Type Report
Mid year assessment taking into consideration relevant developments in the first half of 2024.
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In November 2023, Teagasc published its annual Situation and Outlook for 2024. Since then there have been changes in market and production conditions, which will have implications for the outcome in 2024. This mid-year assessment, published in July 2024, takes on board developments in the first half of 2024 in order to provide a revised assessment of the likely outcome for the year as a whole.
This outlook assesses the situation for 2024 as a whole based on data available at the end of July 2024. In some cases, official data is only available for Q1 of 2024 and it is necessary to approximate what has happened in Q2. Therefore, some assumptions have had to be made about the volume of input use and price developments that have already occurred for Q2 of 2024.