Dairy profits up 1% ahead of squeeze

Dairy farm profits grew by just 1% last year, and profitability looks set to be squeezed further in 2009/10, according to accountant Old Mill Rural Services.



A benchmarking survey of the firm’s clients in the south-west showed average net profits excluding the single farm payment were £42,550 per herd.


Sharp rises in feed and contractors’ costs all but offset increases in milk sales, the firm said.

Upcoming webinar

SEPTEMBER
30

What does the future of farming look like post Covid-19 and Brexit?

Register today