The CSO’s final estimate of operating surplus in agriculture in 2019 shows an annual increase of €110.7m (+3.8%), up from €2,944.5m in 2018 to €3,055.2m. This increase is in line with the trends shown by other CSO short-term indicators in agriculture. The main factor contributing to this change was a decrease of €390.5m (-6.5%) in expenditure on intermediate consumption. See Table 1.
An analysis of the results for 2019 compared to 2018 identified the following main changes:
Despite an increase of 3.6% in the volume of goods produced, falling prices resulted in the value of goods output at producer prices decreasing by €258.0m (-3.1%), from €8,218.9m in 2018 to €7,960.9m in 2019.
While the volume of crops produced by Irish farmers increased by 7.8%, lower prices resulted in the value of crops falling by €228.9m (-10.8%), from €2,126.0m to €1,897.1m. The main crops contributing to this decline in production were forage plants which, because of falling prices, decreased in value by €276.3m (-20.6%).
Despite the volume of Milk production increasing by 5.1%, lower prices resulted in the value of milk increasing by just €45.2m (+1.8%), from €2,556.7m to €2,601.9m.
Although the volume of cattle produced increased by 1.9%, lower prices resulted in the value of cattle decreasing by €111.1m (-4.9%), from €2,262.2m to €2,151.1m.
While there was very little change in the volume of pigs produced in 2019 (+0.4%), large price increases resulted in the value of pig production increasing by €84.0m (+18.3%), from €459.1m to €543.0m.
Total intermediate consumption fell by €390.5m (-6.5%), decreasing from €6,038.2m to €5,647.7m.
The cost of forage plants consumed by Irish farmers fell by €273.4m (-20.5%) in 2019, down from €1,331.8m to €1,058.4m.
The volume of feedingstuffs consumed on Irish farms decreased by 13.8% and as a result, expenditure on feedingstuffs fell by €184.6m (-11.0%) to €1,489.9m.
The volume of fertilisers consumed by Irish farmers fell by 7.6% in 2019 but price increases resulted in the cost of these fertilisers decreasing by just €3.8m (-0.7%), from €582.1m to €578.3m.
Expenditure on other goods and services increased by €37.6m (+7.3%), rising from €514.9m to €552.5m.
This release updates the Preliminary Estimate of Output, Input and Income in Agriculture published by the CSO in March 2020.
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