It was revealed this morning that dairy farmers invested over €400 million in 2017; representing 50% of overall investment.
This is despite the fact that the 15,639 dairy farms in Ireland make up just less than 20% of the total number of farms located across the country.
This news came to light as the preliminary results of the Teagasc National Farm Survey (NFS) for 2017 were announced this morning (Tuesday, May 22).
With regards to 2017, the average investment on dairy farms was €25,100; this compared to an average across all farms of €9,600. But it represented a significant jump on the investment witnessed in 2016 on dairy farms, which stood at €16,400