Increase in Farm Incomes for ’25, But Clouds on Horizon
IFA President Francie Gorman welcomed the latest Teagasc estimates on Family Farm Incomes for 2025 which project an increase of 33% in family farm incomes over 2024.
“The increase in farm incomes over the past 12 months means that for the first time in decades most farmers are receiving something close to a fair return for their efforts. That is a positive development and will help lift overall sentiment in the sector. However, it’s also important to note that the average figure hides the reality on the ground for some, particularly tillage farmers, who endured a tough year in 2025.”
While 2025 will see a significant lift in average incomes, Teagasc is forecasting a significant correction in 2026 with a drop of 19% in average family farm incomes projected.
“Projections for farm incomes for 2026 are concerning, particularly for dairy farm incomes with a 42% reduction anticipated. It’s imperative that the Government do all they can to minimise the cost of doing business for farmers as we face into the new year.”
“Key among this is putting a halt to the proposed CBAM tax on fertiliser, which Teagasc estimated today will lead to a 10% increase in fertiliser costs in 2026. This is a classic example of regulation driving up the cost of production and needs to be addressed as a matter of urgency by the Minister at EU level,” concluded the IFA President.
