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Most farmland buyers used cash for their purchases, survey finds

The latest survey conducted by Real Estate Alliance (REA) has revealed that 59% of farmland buyers used their own cash reserves to buy their property, while over 34% negotiated a part-mortgage. The figures are a surprise, as it was expected that land buyers would return to bank borrowing as money from development land and road CPOs from the boom years had dried up. The survey also revealed that other sources…

European Commission launches new fund

As food security is high on the agenda of discussions by the European Commission, it has announced a €500 million fund for food producers. Reports suggest that of that Ireland will be receiving just over €15 million, and each member state can then provide further funding up to 200% of their national envelope this equates to a further €30 million for Ireland. With the latest funding announcement, the government…

Online Auctions – Saturday’s Calendar 26/03/2022

Saturday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

Reduction of emissions focus of Committee talks

The reduction of emissions in the agricultural sector is a topic of vital importance in the global setting. Due to this the Committees on Agriculture and Climate Action held a joint meeting earlier this week to discuss this topic and the results thereof. In an effort to adhere to the commitments posed, Cathaoirleach of the Joint Committee on Agriculture, Food and the Marine, Deputy, Jackie Cahill welcomed the meeting, saying…

Businesses urged to participate in new NI Soil Nutrient Scheme

Businesses in Northern Ireland have been urged to participate in the new Soil Nutrient Scheme (SNHS) as they would be able to benefit from what it could offer. This comes as Minister for Agriculture, Environmental and Rural Affairs, Edwin Poots announced the launch of the Northern Ireland Soil Nutrient Scheme. The initiative is expected to be rolled out in zonal phases over a 4-year period, with an investment of £45…

Good start to the year for manufacturer Lemken

German manufacturer Lemken has reported a 22% increase in sales for the past business year, despite facing COVID-19 restrictions. With a sales volume of €446 million, the latest figures are a new high for the 242-year-old family business. According to the company incoming orders have exceeded expectations. Lemken says production was optimally maintained throughout the year. Additionally it reports an increase of staff, with a total of 1,697 employees at…

ICOS pushes for protection of family farms

When the Irish Co-operative Organisation Society (ICOS) and Food Vision Group met earlier this week, ICOS raised the matter that there is a need for family farms to be protected, and given options to grow in a sustainable manner. Discussions at the meeting revolved around concerns facing the dairy industry. The group has been tasked with prospecting ways for the dairy sector to help achieve targets for agriculture and land…

LSL Select Price Report – Sheep Mart 05/12/2022

LSL Select Price Report – Cattle Mart 24/03/2022

Thursday’s selected Cattle Mart Price Report: Copyright LSL Auctions. WN 300-400KG Avg Price/KgAAX 2.12/kgHighest Price/Kg Lots:CHX, 300kg 2.47/kg 740.00LMX, 325kg 2.46/kg 800.00AAX, 397kg 2.27/kg 900.00AAX, 325kg 1.97/kg 640.00FRX, 365kg 1.81/kg 660.00SH, 385kg 1.79/kg 690.00 CO 300-400KG Avg Price/KgFR 1.33/kgHighest Price/Kg Lots:FR, 385kg 1.69/kg 650.00LMX, 365kg 1.07/kg 390.00FR, 370kg 0.97/kg 360.00 CO 400-500KG Avg Price/KgFR 1.56/kgFRX 1.21/kgHighest Price/Kg Lots:FR, 470kg 2.09/kg 980.00SIX, 440kg 2.05/kg 900.00FR, 485kg 2.02/kg 980.00HEX, 485kg 1.88/kg 910.00FR,…

Online Auctions – Friday’s Calendar 25/03/2022

Friday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

Private storage aid scheme for pigmeat to open later this month

The European Commission has confirmed that its proposed private storage aid scheme for pigmeat will open later this month. There there will be temporary exemptions for some scheme regulations. The Commission also announced further measures to address the food crisis in the form of a €500 million support package for farmers. According to the EU Commission the introduction of a private storage scheme aims to ease pressure on markets in the EU, and…

Online Auctions – Thursday’s Calendar 24/03/2022

Thursday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.

Renewable energy use will see farmers receive an incentive

Farmers have been encouraged to install solar PV panels as this would enable them to receive 17.5c/kWh for electricity generation from renewable energy company Arden Energy. In its latest partnership with another renewable energy company, Local Power, the export price will be offered to farms and businesses that are producing electricity through installed solar PV panels. “Arden Energy’s offer of a guaranteed export price of 17.5c/kWh sends a clear…

IFA welcomes Office for Fairness and Transparency in Agri-Food Supply Chain

The Cabinet has approved a bill to establish a new agri-food authority which will be known as the Office for Fairness and Transparency in the Agri-Food Supply Chain. According to Minister for Agriculture, Food and the Marine, Charlie McConalogue, the objective of the office will be to promote the principles of fairness and transparency in the agricultural and food-supply chain by conducting market analysis on all sectors through publicly available…

LSL Select Price Report – Cattle Mart 09/08/2022

LSL Select Price Report – Cattle Mart 23/03/2022

Wednesday’s selected Cattle Mart Price Report: Copyright LSL Auctions. DRY COW 400-500KG Avg Price/KgFR 1.44/kgHighest Price/Kg Lots:HEX, 498kg 1.93/kg 960.00BBX, 424kg 1.77/kg 750.00AAX, 442kg 1.65/kg 730.00FR, 466kg 1.57/kg 730.00FR, 470kg 1.32/kg 620.00 DRY COW 500-600KG Avg Price/KgFR 1.01/kgHighest Price/Kg Lots:BBX, 592kg 2.74/kg 1620.00SIX, 582kg 2.32/kg 1350.00LMX, 576kg 2.08/kg 1200.00FR, 574kg 1.85/kg 1060.00FR, 550kg 1.18/kg 650.00FR, 542kg 1.01/kg 550.00 DRY COW 600-700KG Avg Price/KgFR 1.51/kgLMX 2.16/kgSIX 2.11/kgHighest Price/Kg Lots:LMX, 670kg 2.42/kg…

DAFM and Teagasc support European biodiversity research network

An amount of €1.5 million will be provided by The Department of Agriculture, Food and the Marine (DAFM) to support Irish involvement in a new European agricultural biodiversity research network. Teagasc will contribute €288,000 in support in the form of three Walsh Scholarships for the European Research Area Network (ERA-NET) funding venture. The biodiversity research network project will study approaches to improving biodiversity at a landscape level, as well as…

Tractor drivers reminded to switch off plough lamps on public roads

In a bid to increase road safety in rural areas, the Road Safety Authority (RSA) and the FCI have reminded tractor drivers that they should not attach plough lamps to a vehicle’s rear when travelling on public roads. Operators fit ploughing lamps to agricultural tractors and self-propelled machinery. These emit a white light to the vehicle’s rear to give extra visibility while working on-farm. Both bodies advise that only red…

Significant increase in feed imports in January

Feed import figures for January this year are now available. Central Statistics Office data shows that imports of some grains are up significantly on the same month last year. Imports of maize in January 2022 are estimated at 206,288t, compared to approximately 107,893t in the same month of 2021. Looking back, the numbers indicate that 576,752t of maize were imported from September to December 2020, compared with 455,876t from September…

National Ploughing Championships 2022

Some good news is that the National Ploughing Championships (NPA) are back after a two-year break. The event will take place from 20 to 22 September, 2022. Any exhibitors who would like to book stand spaces can take advantage of early bird offers via the online trade exhibition portal. This year the championships will feature the biggest area to date allocated to exhibitions and demonstrations. And the NPA says that,…

Severe losses facing pig farmers committee hears

There has been a moderate decrease in feed prices, but according to Teagasc costs are still very high and very volatile. This comes as the National Fodder and Feed Security Committee met yesterday to discuss the current trends facing the farming sector, with the group forecasting that feed ingredient prices are set to increase between €50 and €70/t in April and by €25/t in May. But this was the least…

Steady week expected for hogget prices

Base prices in the sheep trade held steady for the week, ranging from €6.75/kg up to €6.90/kg. Processors were reluctant to increase prices but due to the decision it has left processors in a stronger position this week. According to various reports, only one meat processing plant increased its base price for hoggets. With some processors saying that there was no issue in tying in numbers at the start of…

Beef-finisher scheme proposed by Macra president

“Farmers are making decisions over the next number of weeks in terms of purchasing cattle that will be either finished off grass this summer and autumn, or finished from the shed next winter.” This is according to Macra na Feirme national president, John Keane, who has raised concerns regarding beef finishers. His comments have stemmed from his call to the Minister for Food, Agriculture and the Marine, Charlie McConalogue, in…

Minister announces pledge to assist tillage farmers

“We are living in unprecedented times which has put our supply chains under enormous pressure,” this is according to Minister for Agriculture, Food and the Marine, Charlie McConalogue. As the government has sought measures to assist farmers facing the current crisis, the Minister has announced yet another package worth more than €12 million to encourage Irish tillage farmers to grow more crops. McConalogue is expected to seek approval for the latest…

LSL Select Price Report – Cattle Mart 29/06/2022

LSL Select Price Report – Cattle Mart 22/03/2022

Tuesday’s selected Cattle Mart Price Report: Copyright LSL Auctions. WEAN HEIFER 300-400KG Avg Price/KgAA 2.32/kgCH 2.62/kgLM 2.25/kgHighest Price/Kg Lots:CH, 312kg 2.76/kg 860.00CH,LM, 338kg 2.49/kg 840.00AA, 360kg 2.39/kg 860.00AA, 384kg 2.29/kg 880.00AA, 381kg 2.28/kg 870.00LM, 378kg 2.01/kg 760.00 HEIFER 300-400KG Avg Price/KgCH 2.17/kgLM 2.24/kgHighest Price/Kg Lots:LM, 382kg 2.49/kg 950.00LM, 370kg 2.49/kg 920.00CH, 366kg 2.24/kg 820.00CH, 380kg 2.11/kg 800.00LM, 340kg 1.74/kg 590.00 HEIFER 400-500KG Avg Price/KgLM 2.47/kgHighest Price/Kg Lots:LM, 422kg 2.63/kg 1110.00LM,…

Positive outcomes expected from new sward scheme

Plans regarding the latest €1m multi-species sward scheme are currently underway. It aims to promote environmentally sustainable methods of farming and forms part of Budget 2022. Minister for Agriculture, Charlie McConalogue made the announcement regarding developments of this scheme last week. The pilot measure is expected to have a positive impact on climate emissions, biodiversity and water quality. It additionally seeks to reduce dependency on expensive nitrogenous fertiliser. According…

Call for below-cost selling ban to safeguard the horticulture sector

IFA President Tim Cullinan has said that the Government should move quickly to restore the ban on below-cost selling of food. He made the comment when launching economist Jim Power’s report, tiled Retail Price Compression Threatens the Viability of Irish Horticulture, yesterday. “The price compression at retail level has forced growers out of business. The most recent National Field Vegetable Census, which is now out of date, showed that the…

Claas launches new wheel loader for optimal agricultural use

Claas appears to be meeting the growing demand for high-performance machines, by introducing its new Torion model range of compact loaders. With its latest offering, the new Torion series covers three different category sizes with a wide performance range. All new models are equipped with the proven Claas power system drive, which combines reliability and efficiency. It boasts a generously dimensioned cab with optimal all-round visibility and user-friendly features. …

Built Heritage Investment Scheme also seeks to add to job creation

A new project has been launched that includes the restoration of heritage projects across Ireland. The project known as the Built Heritage Investment Scheme (BHIS), will see the preservation of 512 heritage projects across 31 local authorities. Funding for the initiative is said to be €4 million which is expected to be shared between the properties and will additionally lead to job creation in the industry. Minister for Heritage and…

Africa beckons with AADP grants for Irish agri-food firms

The Africa Agri-Food Development Programme (AADP) has been supporting Irish firms to participate in business in Africa for the last 10 years. Now, grants capped at €250,000 are available to Irish agri-food companies to initiate new markets there. Companies of all sizes are eligible to apply for grant funding. The Department of Foreign Affairs (DFA) and the Department of Agriculture, Food and the Marine (DAFM) are collaborating for the venture.…

Call for EU Commission to be flexible regarding gas prices

With the unprecedented increases in global gas prices, Ireland South MEP Sean Kelly says the EU commission should show flexibility in this regard. As this has placed strain on Irish households, the MEP says that the body should include aid rules for domestic energy production, due to lower income groups feeling the most pressure. The MEP, who is a member of member of the European Parliament’s Industry, Research and Energy…

Online Auctions – Tuesday’s Calendar 22/03/2022

Tuesday’s auctions on LSL. Register at www.lslauctions.com to take part. *Details correct at the time of publication. Auctions are subject to change without notification.