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O’ Neill encouraged by rise in farm incomes

26 January, 2012 - by Michelle O'Neill

Agriculture Minister Michelle O’Neill warmly welcomed the increase in agricultural income for 2011, indicated by DARD figures published today.

Commenting on the figures, the Minister, said: “It is encouraging to see a rise in overall farm income, which shows that the agricultural industry is continuing to do well in these difficult economic times.”

The Minister added: “However, the continuing high costs of inputs, such as feed, fertilizer and fuels, and weakening euro will continue to challenge the industry.

The Minister continued: “It is also encouraging that in 2011 farm income was greater than Single Farm Payment (SFP). However, SFP still represents 87% of farm income which underlines the importance of the forthcoming negotiations on the reform of the Common Agricultural Policy (CAP).

“There is no doubt that we need a strong, well funded CAP that provides support and fosters improved competitiveness without overburdening us all with red tape and I am committed to fighting for these outcomes in the ongoing CAP reform negotiations.”

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