The President of the Irish Farmers Association has today welcomed the results of the Teagasc National Farm Survey, which showed that farm incomes in 2014 increased by 6%. 
 
Mr Downey said, "It must be remembered that the fodder crisis of 2013 resulted in a huge increase in feed and fertiliser expenditure, in particular. Last year’s input figures returned to a more normal basis, while production increased in many sectors also.

Despite this, we see that incomes for cattle finishers was back significantly in 2014, due to a fall of over 10% in finished cattle prices. While cattle rearing and sheep farms experienced an increase in prices last year, average incomes in these sectors remain very low, ranging from €10,000 to €15,000."

Source: www.businessworld.ie