The CSO’s second estimate of agricultural operating surplus in 2019 shows an annual increase of €195.9m (+6.9%), up from €2,849.2m in 2018 to €3,045.2m. While some sectors of agriculture performed well, others experienced a difficult year. The value of cattle production fell by €104.4m (-4.6%) while pig producers experienced a very good year, with the value of their output up by €84.4m (+18.4%).
A return to more typical weather in 2019 resulted in a 13.7% fall in the volume of feeding stuffs consumed by Irish farmers. Overall, intermediate consumption costs fell by €218.5m (-3.6%) in 2019. See Table 1.
A year-on-year analysis of the 2019 results identified the following main changes:
Despite an increase of 3.3% in the volume of goods produced, falling prices resulted in the value of goods output at producer prices decreasing by €54.1m (-0.7%) from €8,181.8m to €8,127.6m.
The volume of crop production increased by 5.2%. However, reduced prices resulted in an overall decrease in the value of crop output by €53.3m (-2.6%) from €2,090.2m to €2,036.8m.
The volume of cereals produced during 2019 increased by 18.1% but lower prices resulted in an overall fall in the value of cereals, down from €288.4m in 2018 to €260.8m in 2019 (-9.6%).
Milk production increased by 5.2% in volume, but reduced prices resulted in an overall increase of €44.7m (+1.7%) in the value of milk output, which rose from €2,555.4m to €2,600.1m.
The value of cattle output decreased by €104.4m (-4.6%) from €2,261.1m in 2018 to €2,156.7m in 2019. This decrease occurred despite volume growth of 2.0%.
While the volume of sheep production increased by 14.8%, reduced prices resulted in the overall value of sheep output increasing by just €23.6m (+9.3%).
Despite just a marginal increase in the volume of pigs produced (+0.5%), the value of pig production increased by €84.4m (+18.4%) from €458.6m to €542.9m.
Intermediate consumption fell by €218.5m (-3.6%), decreasing from €6,001.0m in 2018 to €5,782.5m in 2019.
Expenditure on feeding stuffs decreased by €184.0m (-10.9%) to €1,496.3m as improved weather conditions contributed to a 13.7% decrease in consumption volumes.
While the volume of fertilisers consumed by Irish farmers decreased by 7.6% during 2019, price increases meant that the value consumed fell by €3.8m (-0.7%) from €582.1m in 2018 to €578.3m.
The figures for 2019 are preliminary estimates which are provisional and based on the latest available data. These figures are subject to change once the complete set of data for the full year becomes available. Updated figures for 2019 will be published in the Final Estimate in June 2020.
Central Statistics Office
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