Family farm income – what does it mean?

The key measure in the national farm survey is the average family farm income but what does it represent?

Barry Cassidy

23 May 2018

Family farm income is a measure of total gross output minus all farm costs excluding family labour

Teagasc’s National Farm Survey results detail the average family farm income (FFI) for each of the sectors. The FFI in 2017 was €31,400. This figure is the farm’s total gross output (including direct payments), everything sold off the farm during the year, minus all direct and overhead costs. FFI does not include family labour as a cost. This makes it a measure of the return for family labour, management and investment for the year.

Dairy drives average farm incomes up in 2017

Farm survey 2017: increased output offset by increase in costs on suckler farms

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