O’ Neill encouraged by rise in farm incomes
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.”