The Central Statistics Office, CSO, have released their first estimate of operating surplus in agriculture for 2017.
The publication shows an annual increase of 33.7% overall in the sector, with the main drivers being milk and livestock outputs. These increase by 39.2% and 6.6% respectively. Goods output at producer prices have seen increases of 12.8%, which is the equivalent of €903 million. This is valued at a total at €7,961million for 2017.
Milk was named as the biggest contributor to the growth experiences in the goods output, with milk output increasing by €702 million this year and prices up by 28.3%. Milk volumes were also up this year, by 8.6%.
The value of cattle output also increased, by 6.3%, and is estimated to be valued at €2,425m. This is an increase of €143m over 2016 numbers, and was driven by improved prices (+2.7%) and a higher volume of production (+3.8%).
Pigs and others:
Pig output also saw increases, up 11.2% to €520 million. This, again, is due to improved prices.
Total intermediate consumption was also up, 1.5% greater than in 2016 and is estimated to be €5,182m. Spending on commercial feedingstuffs increased by 5.1% to reach €1,420m, due to an increase of 7.0% in the volume of consumption. Expenditure on fertilisers totaled €505 million this year, which is a decrease of 0.6% on last year. This despite an overall increase in the volume of fertiliser used.
The costs of energy and lubricants increased by 5.3%, which equates €20m, due to oil price rises. The value of other subsidies less taxes on production is estimated to have increased by 3.4% from €1,592m in 2016 to €1,646m in 2017.