Dairying offers best return - Teagasc

It’s an exciting time in agriculture notwithstanding the challenges currently facing certain enterprises, Teagasc said last week as it launched its annual report and accounts.

It’s an exciting time in agriculture notwithstanding the challenges currently facing certain enterprises, Teagasc said last week as it launched its annual report and accounts.

Speaking at the publication of the report, Chairman Dr Noel Cawley said: ”At farm level, farmers had a mixed year in 2013, depending on their individual enterprises.

“Dairying continues to offer the best returns for producers and is on the verge of entering a new era with the removal of milk quotas in 2015.

“The other enterprises present more challenges at farm level for producers to earn adequate returns on their land, labour and capital employed.

“The average income on Irish farms increased slightly in 2013 to €25,639.”

Teagasc Director, Professor Gerry Boyle said: “A number of important initiatives were undertaken by Teagasc in 2013 to improve the competitiveness of the agricultural sector in the longer term.

“These included the establishment of the Next Generation Dairy Herd at Teagasc in Moorepark and a Beef Maternal Index Herd in Grange. “These initiatives are significant in advancing animal breeding in the national dairy and beef herds.”

The total income for Teagasc for 2013 was €163.16 million, excluding net deferred funding for pensions.

The net surplus for the year was €330,000 on the current account.

Transfers for capital expenditure of €1.53 million left a deficit for the year of €1.2 million. The balances at the year-end were €9.03 million.

Teagasc has stated that it continues to adapt and change its business.

“The Teagasc Change Programmes 1 and 2 have been implemented over the last 5 years. Change programme 3 was agreed by the Teagasc Authority and is being implemented over a 3 year period. The biggest challenge facing the organisation is the continuous reduction in staff numbers.”