Farmers have faced huge increases in input and output prices over the past year, along with strong gains in cattle and milk prices.
The increase in input and output price indices for the last calendar year means September 2021 Terms of Trade of 103.6 is close to the previous year’s figure of 103.8.
According to new figures published by the Central Statistics Office (CSO), fertiliser prices have risen by nearly a third over the past year.
Energy prices rose more than a fifth per cent and output prices increased 11.6 per cent since September 2020.
Annual output increases have been reported in cattle +16 per cent; sheep + 15.3 per cent; and milk prices +15.8 per cent.
CSO statistician, Anthony Dawson, said: “Fertiliser and energy prices have seen the most significant change with a 31.3 per cent and 22.2 per cent annual increase, respectively.
The Agricultural Price Indices release shows there have been significant price changes on both the input and output sides of agriculture in Ireland in the last 12 months.
LSL News.