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Calculating tillage incomes for 2024
Manage episode 455067159 series 2887471
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Teagasc Economist, Dr. Fiona Thorne, discusses the key findings from the recent Teagasc Outlook 2025 conference on this week’s Tillage Edge.
Tillage farm incomes are expected to rebound after the tough year of 2023, with estimates showing a 40% increase in 2024 and further gains in 2025.
However, Fiona highlights the importance of context, emphasising that incomes are still below the five-year average.
She explains how these estimates are calculated, the role of cost savings, and assumptions for 2025.
Farmers are encouraged to assess their own costs using tools like Teagasc’s Profit Monitor or by consulting their local advisor.
To view the Teagasc Outlook 2025 report go to:
https://www.teagasc.ie/rural-economy/rural-economy/outlook/
For more episodes and information from the Tillage Edge podcast go to:
https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/
Produced on behalf of Teagasc by LastCastMedia.com
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