Farmer's Weekly (South Africa)

Profits up for Northern Ireland farmers

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The Northern Ireland farming sector achieved a 26% increase in realterm profits in 2020, up from £342 million (about R6,8 billion) in 2019 to £456 million (R9,1 billion), according to a statement by the UK Department of Agricultur­e, Environmen­t and Rural Affairs.

BBC News reported that total turnover rose 4% to £2,23 billion (R44 billion), with dairy farming remaining the largest industry, accounting for turnover of £667 million (R13,3 billion), up 2% on 2019.

Although the annual average farm-gate price of milk fell 0,7% to 27,01p/ℓ (R5,35/ℓ), the volume of raw milk produced increased 2% to 2,4 billion litres.

Farmers’ turnover from cattle farming also saw a 2% increase at £438 million (R8,7 billion) in 2020, and the average producer price for finished cattle was £3,46/kg (R85,7/kg), up 6,1% on 2019.

Smaller industries also saw significan­t increases in turnover, with the value of sheep output rising 27% to £84 million (R1,7 billion), and the average producer price increasing 15% to £4,46/kg (R87,7/kg), according to BBC News.

Total output in the pig industry increased 20% to £217 million (R4,3 billion), with producer prices up 8%.

The report forecast that, at individual farm level, profits were likely to once again increase 27% in 2020/2021. – Staff reporter

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