Protecting your farm income in 2022

On this week’s episode of The Dairy Edge, Dairy Specialist Patrick Gowing joins Emma-Louise Coffey with an insight into projected costs of production in 2022 and strategies to maintain profitability. Patrick explains that costs of production are expected to be in excess of €1,500, increasing from €1,311 in 2020, with fertiliser and concentrate accounting for 40% of total costs. Patrick recommends that dairy farmers calculate break-even milk production to cover costs; the formula= total cost of production / milk price (per kg milk solids). For mature cows with milk solids below the break-even production are a cost to the system. For more information: https://www.youtube.com/watch?v=xnigxe1EWLE For more episodes from the Dairy Edge podcast go to the show page at: https://www.teagasc.ie/animals/dairy/the-dairy-edge-podcast/ The Dairy Edge is a co-production with LastCastMedia.com