In response to on-going difficulties in the beef and sheep trade, and uncertainty about the future direction of these sectors, Teagasc Offaly have organised a beef and sheep seminar entitled “Practical Advice for a Challenging Time”.
All farm families are invited to attend the event which will take place at Tullamore Court Hotel on Wednesday, November 13th commencing at 7pm.
The seminar organisers acknowledge that this is a particularly difficult time for both beef and sheep farming enterprises, and that a seminar to address some of the most challenging issues is timely.
“Poor prices, difficulty getting livestock slaughtered and uncertainty about the future direction of the industry are to the fore in drystock farmers’ minds”, according to Mark Coyne, Teagasc Tullamore.
In addition, the ongoing Brexit saga is not helping farmer or industry confidence, he added.
The main seminar will have three key speakers – Aidan Murray, Teagasc Livestock Specialist, Joe Burke Bord Bia and Declan Mc Evoy of IFAC.
Aidan will outline very practical advice to farmers for the coming months. Decisions such as whether to finish cattle this winter or not, choice of feed ingredients or the type of cattle to buy back in will be addressed.
“Beef and sheep markets remain depressed and farmers are uncertain of where price may be for beef and sheep in the short to medium-term.”
Bord Bia’s Joe Burke will attempt to predict the market outlook for beef and lamb over the next number of months.
Managing cash flow and meeting payments are a particular challenge where farmers have received a poor price for stock, or cannot get livestock slaughtered, the organisers outlined.
Declan Mc Evoy, senior advisor with IFAC, will give tips on how best to deal with cashflow, debt management and loan restructuring.
The possible tax implications of making changes to farming systems in response to poor prices, such as selling livestock and not buying back stock will also be discussed.
Following the main seminar and a break for refreshments, Teagasc are providing a number of advisors to meet farm families on a one-to-one basis.
“There are a lot of concerns and individual problem cases on drystock farms around the county”, according to Paul Fox, Teagasc advisor.
“We are providing an opportunity where farmers can meet advisors and get practical advice for their own farm.”
“We recognise that it is important that farmers feel we are there to help during difficult times”, he concluded.
The event is free-of-charge and open to all farm families in the Midlands region.