2.1 Overview

2.1 Overview

2022 was a challenging year for farmers in Ireland. The illegal invasion of Ukraine by Russia in February saw fertiliser, feed and energy prices rise significantly. Input costs, which had begun to rise from the second half of 2021, rose quickly in 2022 adding to the uncertainty of the supply of fertiliser and animal feed. While dairy prices rose to a record high on world markets and grain prices were strong, the increase in input costs significantly impacted livestock farmers. This chapter outlines the impact these events had on farm incomes. It should be remembered that this is average national data and that the reality for an individual farmer can be quite different.

Data from numerous sources is analysed to outline developments in farm income and structures, both at Irish and EU level. Data is sourced mainly from the Central Statistics Office (CSO), Teagasc, Central Bank and Eurostat. The data from these sources is used to generate an overview of farm income and farm structures in Ireland. In addition, the level of off-farm income sources and direct payments is examined. The viability of Irish farms is considered using Teagasc’s National Farm Survey results and the support schemes for farmers. Investment and borrowings in the agri-food sector, the age profile of farmers and the role of women in agriculture are also examined.

Figure from page 32