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Situation and Outlook - July 2017

Trevor Donnellan, Kevin Hanrahan and Fiona Thorne - Agricultural Economics & Farm Surveys Department

01 August 2017
Type
Report
24 Pages
607KB
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Situation and Outlook July 2016

Trevor Donnellan, Kevin Hanrahan and Fiona Thorne - Agricultural Economics & Farm Surveys Department Teagasc

02 August 2016
Type
Report
24 Pages
608KB
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Outlook 2011

Economic Prospects for Agriculture

20 January 2011
Type
Report
148 Pages
691KB
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Outlook 2010

The last 5 years have seen a roller coaster ride in Irish economic fortunes with the move from a period of high economic growth to large scale decline. In this paper we describe trends in incomes in farm households in Ireland and discuss some of the changes at the macro economic level.

01 January 2010
Type
Report
153 Pages
923KB
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Situation and Outlook in Irish Agriculture - 2009 Mid Year Review

The ongoing global economic crisis conditions the outlook for dairy, beef, sheep and cereals in 2009. While cost inflation was the main influence on farm margins in 2008, changes in output prices are the main factor behind the story for 2009. Dairy and cereal enterprises will experience the greatest difficulties in 2009 due to substantial decreases in milk and grain prices relative to 2008. Reductions in input expenditure on dairy and cereal farms will be moderate and, as a consequence, negative net margins will be widespread. By contrast, in 2009 output value will decline on beef and sheep enterprises due to falling prices, but margins may actually increase as these output price reductions are more than offset by savings in input expenditure.

01 August 2009
Type
Report
14 Pages
65KB
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SITUATION and OUTLOOK in AGRICULTURE 2008/09

The year 2008 was a difficult one for the farming community. Inclement weather severely affected grass production, silage making and cereal yields leading to increased costs and overall reductions in farm incomes. Dairy and cereal farmers saw product prices decline significantly from the high levels experienced in 2007. In the drystock sector, beef prices increased in 2008, whilst sheep prices remained static resulting in a further decline in ewe numbers. A sharp increase in farm input costs added to reduced profit margins in all sectors particularly for the intensive high input systems dairying, cereals, pigs and poultry producers. Despite the decline in profit margins farmers continued to invest at record levels in buildings and machinery to ensure compliance with good farming practice and environmental regulations. Farmers, farm planners and the agribusiness sector require accurate and up-to-date data on agricultural outputs, inputs and policy changes in planning their business. Income estimates for 2008 will provide a base for production intentions in the coming year. The results of a survey on farmer’s investment plans for 2009 will be presented. More importantly, the outlook for the dairy, beef, sheep, pigs and crops sectors in 2009 will be critical to making informed planning decisions for the short to medium term.

09 December 2008
Type
Report
139 Pages
1,053KB