The effects Brexit will have on Irish agriculture

The Brexit deadline is ticking and with so many questions still in the air for Irish agriculture, we spoke to Teagasc's Head of Rural Economy and Development, Kevin Hanrahan, to explain the potential outcomes.

A crash out scenario will have a significant impact on the Irish agricultural sector, Kevin explains, saying the magnitude is greatest for the beef sector with a 20% decline in carcass price compared with less than 10% to milk price.

The uncertainty surrounding Brexit makes it incredibly hard to predict the full effect on Irish farmers and Kevin advises farmers to hold off on any substantial investment to their farm business in a volatile production environment where there is a risk around repayment capacity.

For more information:

https://www.teagasc.ie/media/website/publications/2018/Brexitupdate.pdf