Maximising Farm Income on Livestock Farms

 

A very successful, well attended and informative meeting was held on Wednesday the 9th of November, in Ennis Mart, with over 350 farmers in attendance. The event was organised in conjunction with Clare Co-Operative Marts, Teagasc and Bank of Ireland who kindly sponsored the event.

 

 

The event commenced with Teagasc Advisor, Declan Murphy, delivering an excellent presentation on the recently opened Tranche 3 of GLAS and its potential on drystock farms. Declan stressed with the short six week timeframe and the remaining space for participants, it is now a vital time to sit down and discuss the options available to you with your agri-advisor/consultant.  The potential payments for GLAS 3 remains the same at €5,000 and €7,000 for GLAS plus.

Pat Byrnes, Agri-Development Manager, Bank of Ireland delivered a talk on managing farm finance in a low income environment, volatility and cash flow supports, government agricultural loan scheme and the key criteria in loan assessment.  Pat explained when applying for a loan additional information such as ICBF reports, cash flow projections and profit monitors can help advance the application. Pat concluded that farmers need to be proactive in talking to their banks, as they want to do business with viable farm businesses.

 

Last up on the night was Vivian Silke, BDGP Training Co-ordinator, Teagasc, Athenry. Vivian’s topic for discussion was on how suckler farmers can optimise their breeding programme. This topic drew the greatest interest and that was based on the current experiences at farm level. Vivian underlined some key points from the current BDGP Scheme such as, focusing on euro value rather than the star ratings, future breeding to focus on high replacement value (€130+), and to constantly study reports that are posted out from ICBF. Vivian also highlighted that the production of top quality weanlings and stores is essential going forward and this goes hand in hand with the current BDGP scheme .The audience were shown some excellent examples of how 4 and 5 star replacement beef cross heifers can be easily achieved in the scheme.

 

The feedback received from the speakers and who attended was hugely positive. All presentations got great interest as they are all current and relevant issues been experienced at farm level. Congratulations to James O Halloran, Sixmilebridge and Michael Murphy, Crusheen for winning the Munster rugby tickets which were sponsored by Bank of Ireland. Thanks to all involved in making the event such a success.

 

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