Irish Farm Report 2024
Welcome to ifac's Irish Farm Report 2024. This Report contains the results of our 6th annual Irish Farm Survey. Irish farmers are facing another year of uncertainty with input prices, the challenge of succession planning, the nitrates cuts and our weather all weighing heavily on their minds. Our report examines the emerging trends across all sectors and shares advice as we come into 2024 and look forward to the years ahead.
48%
see financial investment/return as the biggest barrier for considering renewable diversification on farms.
1 in 2
farmers have no will in place.
4 in 5 farmers are not aware of the difference in benefits of PRSI classes.
SUCCESSION
1 in 4
name viability as the biggest challenge to succession planning.
30% will not have sufficient staff and/or cover throughout 2024.
25%
of planned farm expenditure was affected by delays in TAMS lll approval.
52%
say the weather is now a concern for farmers.
66%
indicated that input prices are still the biggest concern for farmers this year.
1 in 3
farmers do not have a pension in place.
Download Our 2024 Farm Report
The report features findings from our annual farmer survey containing the views of over 1,000 Irish farmers.
:format(webp)/f/122463/1600x1067/4d36de26a0/irish_farm_report_2023_philip_oconnor.jpg)
Just launched
Ifac’s sixth annual Irish farm survey, contained in the report, reveals what is really on the minds of Irish farmers - the opportunities and the challenges they are facing across rural Ireland.
:format(webp)/f/122463/3402x2559/b7d1ea8156/farm_report_dunphy_farm.jpg)
Cover Story: Growth And Succession Planning On The Family Farm
Joseph & Helen Dunphy are successful dairy farmers who have built up their herd steadily over the past three decades. They are now looking towards the next phase of development as their two sons enter the business alongside them.
