DAERA Minister has welcomed the rise in farm
incomes for 2024.
The publication of the first (provisional) estimate for 2024 farm
incomes, indicates that the ‘Total Income from Farming' (TIFF) in
Northern Ireland rose by 62.5% (56.2% in real terms) from
£471million in 2023 to £766 million in 2024.
Mr Muir said: “I welcome the total income from farming
figure increase between 2023 and 2024. This increase is due to
improved market prices for milk, beef and lamb combined with some
reduction in feed and fertiliser prices for the 2024
year.
“Farm level income estimates also show that increases are
expected for each of the individual farm types, however I
appreciate that markets have been particularly volatile over the
last five years and changes in farm incomes between years are
reflective of this.”
Minister Muir continued: “Fluctuating market conditions
remains a very difficult issue for farmers to
address. These fluctuations are mainly due
to world markets which are very much outside our control.
Consequently, my Department focuses effort on helping farmers
mitigate cost and price pressures by improving their productivity
and resilience, while also addressing their environmental
sustainability. These are the goals I have set out within the new
Sustainable Agriculture Programme and I would encourage all
farmers to avail of the support."
Notes to editors:
- The provisional 2024 agricultural income figures were issued
today by DAERA: www.daera-ni.gov.uk/publications/ni-agricultural-incomes-2024
