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Tue 07 Jul 2009National survey shows a 13.7% fall in farm incomes
FIGURES RELEASED yesterday showed a 13.7 per cent drop in farm incomes last year and it was predicted this year will be even worse.
The Teagasc National Farm Survey for 2008 cited increased overhead costs and a drop in output in tillage and dairy farms as the reasons for the income drop. It found that average income for farms throughout the country last year was €16,993, compared to a figure of € 19,687 for 2007. This comes despite the 2007 survey showing incomes to have risen from the previous year by 18 per cent.
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