Harnessing the opportunity Matthew DempseyChairman, The Agricultural Trust

Income & Production Analysis

• Income analysis – static

– SFP component of income changing

– Profit from production is assumed constant

• Production – proportion of gross output in value

terms

– Regardless of farm type

Source: Teagasc

Importance of the Single Farm Payment

0

25

50

75

100

125

150

Dairy Tillage Sheep CattleRearing

Cattle Other

SF

P a

s a

% o

f F

arm

In

com

e

2009 2010 2011 Average

Source: Teagasc

Average income by system

Source: Teagasc

0

10,000

20,000

30,000

40,000

50,000

Dairy Tillage Sheep CattleRearing

Cattle Other

€ farm

2010 Min Mid Max

Bord Bia Food Alert

UK

Italy

France

Ireland

Cattle Prices per 100kg (euro)

19761977

19781979

19801981

19821983

19841985

19861987

19881989

19901991

19921993

19941995

19961997

19981999

20002001

20022003

20042005

20062007

20082009

20102011

20122013

50

100

150

200

Bullocks 550kg+

CSO - Cereals

19741976

19781980

19821984

19861988

19901992

19941996

19982000

20022004

20062008

20102012

70

90

110

130

150

170

190

210Chart Title

Milk price (c/ltr)

1976 1978 1982 1984 1986 1990 1994 1998 2002 2006 2009 2011 2012 20130

5

10

15

20

25

30

35

40Chart Title

Dairy Farms

Source: Teagasc

0102030405060708090

100

%gaining change <10% Loss Gain

% o

f fa

rms

Min Mid Max