The cost of inputs on Irish farms rose 35% in 2022 while returns to farmers for agricultural outputs rose 27%, according to latest figures from the Central Statistics Office.
The inputs that rose the most last year compared with 2021 were fertiliser up 122%, energy up 42% and feed stuffs up 29.5%
On the output side, milk prices rose 44.5%, cereal 40.6% and cattle 17.2%
However when comparing December 2022 with the previous month, input costs fell by 1%, while output prices rose by 6.3% .
The CSO analysis shows energy and fertiliser costs decreased by 9.2% and 0.8% respectively while milk prices rose by 10% and cattle by 6.7%
