Irish farm incomes have increased significantly this year, with the operating surplus rising almost 20% to
But the substantial rise is almost entirely due to the introduction of the new single farm payment, which has been paid on top of the production-linked subsidies that went out to farmers earlier in the year.
As a result, net subsidies in 2005 came to
“The increase in the 2005 figure is a result of a carry forward of over
“In addition, it is projected that 85%-90% of this year’s single farm payment will be paid out before the end of December.”
Farm output values dropped by 3.5% to
But input costs were also lower, notably feed.