A typical 100-cow dairy herd could make an extra €28,115 profit this year if certain cost cutting measures were adopted.

This increases to over €37,000 if an interest-only option on loan repayments is triggered.

Reducing the rate of nitrogen being spread in May and June, reducing meal feeding rates and grazing lower grass covers have the biggest effect on protecting profit.

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This comes at a time of falling milk prices on most Irish dairy farms.

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