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Key Findings

The Midland region had the highest increase (+111%) in agricultural Entrepreneurial Income in 2024

Online ISSN: 2009-5457
CSO statistical release, , 11am

Key Findings

  • The Midland region (Laois, Longford, Offaly, and Westmeath), the second smallest agricultural producing region by output value, saw the value of its Agricultural Output increase by 11% (+€129m) and its Entrepreneurial Income rise by 111% (+€159m) in 2024.

  • The Border region (Cavan, Donegal, Leitrim, Monaghan, and Sligo) had the largest increase in Milk (+26%) values in 2024. The value of its Agricultural Output at Basic Prices grew 12% (+€168m) and its Entrepreneurial Income increased by 91% (+€251m) to €527m.

  • The West (Galway, Mayo, and Roscommon), the smallest agricultural producing region by output value, saw its Entrepreneurial Income increase by 32% (+€92m) to €382m, the lowest growth rate of all regions in 2024.

  • The Mid-West (Clare, Limerick, and Tipperary) was the largest producer of Cattle and the second largest producer of Milk in 2024. Its Entrepreneurial Income grew by 66% (+€184m), with Milk (+€87m) the main contributor to this increase.

  • In 2024, the South-West (Cork and Kerry), the largest Milk producing region in the country, saw the value of its Agricultural Output at Basic Prices grow by 10% (+€234m) and its Entrepreneurial Income rise by 67% (+€325m).

  • The Dublin & Mid-East region (Dublin, Kildare, Louth, Meath, and Wicklow) was the State’s largest producer of Crops in 2024. The value of its Agricultural Output increased by 8% (+€117m) and its Entrepreneurial Income was up 88% (+€233m).

  • The South-East (Carlow, Kilkenny, Waterford, and Wexford) was the second largest producer of Crops in the State. Its Intermediate Consumption costs were down 8% (-€104m) while its Entrepreneurial Income was up 85% (+€228m).

Statistician's Comment

The Central Statistics Office (CSO) has today (03 October 2025) released Regional Accounts for Agriculture 2024.

Commenting on the release, Mairead Griffin, Statistician in the Agricultural Accounts & Production Section, said: 

We reported earlier this year that at a national level there was a significant recovery in agricultural incomes in 2024 after the previous year’s poor results. The value of Agricultural Output at Basic Prices grew by €1bn (+9%) as a result of higher prices and some increases in output volumes. Milk prices, while still significantly lower (-15%) than their 2022 levels, were up 17% on 2023. The other large movers in terms of prices were Sheep (+18%), Potatoes (+8%) and Fresh Vegetables (+9%). Output volumes also saw some considerable movement. Both Poultry and Cereal volumes were up 10%, Pig volumes grew by 8%, while Potato volumes rose by 12%.

Total Intermediate Consumption costs were down 4% (-€290m), with Fertilisers accounting for €216m of this reduction and Feeding Stuffs a further €148m. At the national level, Operating Surplus was up 58% (+€1.6bn) while Entrepreneurial Income, which factors in the cost of land rent and interest payments, increased by 73% (+€1.5bn) in 2024.

Output Values

Milk and Cattle are the two main contributors to the value of Agricultural Output at Basic Prices, accounting for one-third and one-quarter respectively. The Border region (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw the largest growth rate (+12%, +€168m) in the value of Agricultural Output at Basic Prices followed by the Midland region (Laois, Longford, Offaly, and Westmeath), which had a corresponding growth rate of 11% (+€129m).  Milk accounted for an additional €64m of the Border region’s increased output and €68m of the Midland’s. The South-East (Carlow, Kilkenny, Waterford, and Wexford), at 7% (+€128m), had the lowest growth rate in agricultural output, despite Milk contributing an additional €103m to the region in 2024. It was also the only region where the value of Crops fell (-2%, -€8m), with Forage Plants down 8% (-€21m) and Other Crops falling by 20% (-€11m).

Intermediate Consumption Costs

The cost of many inputs fell, due mainly to lower prices. The cost of Fertilisers experienced the largest drop (-26%, -€216m) due to prices falling by 29%. The cost of Feeding Stuffs, the largest individual cost to the sector, decreased by 7% (-€148m) as prices dropped by 13%. In relative terms, the Dublin & Mid-East region had the largest reduction in Intermediate Consumption costs (-9%, -€85m) with Fertilisers accounting for €44m of this drop and Feeding Stuffs an additional €13m. It was followed closely by the South-East region, which experienced a fall in Intermediate Consumption costs of 8% (-€104m) due mainly to the lower cost of Fertilisers (-32%, -€51m) and Feeding Stuffs (-7%, -€23m).

Agricultural Income

At 77%, the Border had the largest increase in Operating Surplus, followed closely by the Midlands region at 75% and Dublin & Mid-East at 69%. When Net Interest and Land Rental costs are accounted for (i.e. Entrepreneurial Income), the ranking of these top three regions changes to the Midlands region (+111%), Border (+91%), and Dublin & Mid-East (+88%). The West (Galway, Mayo, and Roscommon) had the lowest rate of increase in both Operating Surplus (+34%) and Entrepreneurial Income (+32%).

Main Results

Table 1.1: Output, Input and Income in Agriculture by NUTS 3 Regions, 2021-2024€m
 Goods Output Intermediate Consumption Net Subsidies Operating Surplus
 2021202220232024 2021202220232024 2021202220232024 2021202220232024
Border1,1791,4321,3581,515 8441,0701,0761,078 282313284371 415457341604
West8741,0521,0231,102 662803857878 335365336423 393461347465
Mid-West1,6302,1001,8271,948 1,0631,3351,3921,338 267304249305 632860419641
South-East1,6122,0991,7851,897 9531,2451,2471,143 202238181213 598812391611
South-West2,0552,7192,2422,464 1,1921,6381,6341,574 307352286372 9351,179636977
Dublin & Mid-East1,3261,6541,4491,569 756957945860 168199155188 506654365618
Midland9541,2551,1221,244 660855820811 159181150177 242347214375
State 9,62912,31010,80711,739 6,1297,9037,9727,682 1,7201,9521,6422,048 3,7214,7712,7144,290

State Level

The value of Agricultural Output at Basic Prices grew by 9% (+€1.0bn) to €12.5bn in 2024, with Milk accounting for €575m of this increase. Overall, Livestock values were up 4% (+€186m) with Cattle accounting for €51m, Sheep €43m, and Pigs a further €42m of this increase. Excluding Forage Plants, Sheep experienced the largest price rise (+18%) of all agricultural outputs, although this increase was tempered by a 5% reduction in volumes. Cattle prices were up 5% but a 3% fall in volumes diluted the impact of higher prices on output values. Pig volumes increased by 8% but with prices down 1%, their value increased to €710m. The value of Poultry increased by €20m (+9%) despite slightly lower prices (-1%).

Milk prices were stronger (+17%) in 2024, and with almost no change in volumes, its value grew by €575m (+16%) to €4.1bn. Crops increased by €185m (+7%) to €2.8bn. Forage Plants were up €70m (+4%), but as these are both outputs and inputs, this increase in their output value is negated by a similar rise in costs. Excluding Forage Plants, the value of the remaining Crops grew by €115m (+11%) with Potatoes accounting for €45m, Cereals €37m, and Fresh Vegetables a further €36m of this growth.

Intermediate Consumption costs declined by 4% (-€290m) to €7.7bn. If Forage Plants are excluded, then costs were down by 6% (-€361m). The main contributors to these reductions were Fertilisers (-26%, -€216m) and Feeding Stuffs (-7%, -€148m). The lower expenditure on these two items was driven by a 29% drop in Fertiliser prices and a 13% fall in the price of Feeding Stuffs. The other main cost savings were in Energy & Lubricants (-5%, -€30m), Crop Protection Products (-15%, -€18m) and Maintenance & Repairs (-3%, -€16m). Expenditure on some items of Intermediate Consumption did increase, including Contract Work (+9%, +€57m) and FISIM, an implicit fee paid to financial institutions and incorporated into interest payments, which grew by 15% (+€18m).

The impact of the increase in the value of Agricultural Output at Basic Prices combined with the reduction in Intermediate Consumption costs, higher Fixed Capital Consumption (+2%, +€24m),  Compensation of Employees’ costs (+8%, +€84m), and payments for Other Subsidies less Taxes on Production (+24%, +€382m) resulted in the Operating Surplus rising by 58% (+€1.6bn) to €4.3bn. When net interest and land rental costs are accounted for, Entrepreneurial Income grew by 73% (+€1.5bn) to €3.5bn in 2024 (See Table 1.2).

Table 1.2: Regional Agriculture Accounts at NUTS 3 level, 2021–2024

Table 1.3: Regional Distribution of Agricultural Output, Input and Income, 2024

Table 1.4: Net Subsidies and Operating Surplus by Region, 2021–2024