Ireland - Farm Incomes Fall 30 per cent in 2009

New farm income figures published show the difficulties on farms last year. The average family farm income in 2009 was €11,968, down by 30 per cent on 2008. That’s according to the Teagasc National Farm Survey published Tuesday, 8 June. This decline comes on top of a 13.7 per cent drop in incomes in 2008 bringing the overall decline in family farm income to 40 per cent since 2007.
Monday 14 June 2010 (8 years 8 days ago)
New farm income figures published show the difficulties on farms last year. The average family farm income in 2009 was €11,968, down by 30 per cent on 2008. That’s according to the Teagasc National Farm Survey published Tuesday, 8 June. This decline comes on top of a 13.7 per cent drop in incomes in 2008 bringing the overall decline in family farm income to 40 per cent since 2007.

The poor market returns last year had the largest impact on full-time farms. On the more commercial full-time farms the average family farm income was €24,214, down from €37,590 in 2008. That’s a drop of 35 per cent and this group of farmers have seen their farm incomes halve since 2007. By comparison the average family farm income for part-time farms was €6,611, a 13 per cent decline in the year.

http://www.teagasc.ie/news/2010/201006-08.asp

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