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Irish Agricultural Production Costs Rise

3 December 2012, at 9:53am

IRELAND - Irish agricultural production costs are rising faster than the prices being achieve in the market, according to the latest statistics from the Irish Central Statistics Office.

Preliminary estimates for 2012 show a 4.2 per cent increase in input prices on 2011 levels while output prices are estimated to increase by 3.6 per cent.

The terms of trade index is expected to decrease by 0.6 per cent, indicating an unfavourable price movement for farmers in the year.

The projected increase in the input price index of 4.2 per cnet is due mainly to increases in energy which is predicted to rise by 8.6 per cent and feed which could go up by 5.5 per cent.

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The impact of mycotoxins — through losses in commodity quality and livestock health — exceeds $1.4 billion in the United States alone, according to the Council for Agricultural Science and Technology. This guide includes:

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