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Responding to the Teagasc National Farm Survey for 2015, IFA President Joe Healy said the outcome for 2016 will be significantly worse as the farm income crisis deepens across sectors because of falling prices and poor weather.

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The Annual IFA Farm Income Review, compiled by IFA Economist Kevin Kilcline shows that National Farm Income in 2015 is estimated to have fallen over 3% or €75m on 2014.

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Commenting on the Teagasc 2016 Outlook presentation this week, IFA National Dairy Chairman Sean O’Leary said the 2016 dairy income predictions were for an almost unchanged position when compared with 2015, which itself saw a 50% fall in dairy margins.

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IFA President Eddie Downey said that the slight increase in average farm incomes in 2014 reflected the drop in input volumes due to good weather conditions compared with the previous years, rather than strong product prices.

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