The Irish Cattle Breeding Federation (ICBF) saw its annual revenues increase 7% to hit €14.7m for its 2019 financial year. ICBF, which is a non-profit organisation, generates over 80% of its income from fees for cattle breeding services charged to the Department of Agriculture, the meat and dairy industry, as well as individual farmers.
In 2019, income from service fees stood at €12.3m. The ICBF’s role in facilitating the Government’s Beef Data and Genomics Programme (BDGP) is a significant contributor to this total. On top of this, the ICBF charges service fees for milk recording, its HerdPlus service and to AI companies.
The organisation was also awarded a grant of just over €1.7m in 2019 by the Department of Agriculture
Outside of service fees, the ICBF generated over €700,000 from its mandatory levy on all livestock identification tags. The organisation was also awarded a grant of just over €1.7m in 2019 by the Department of Agriculture.
The ICBF’s accounts show it made an operating surplus of just under €365,000 in 2019, which was an increase on the €192,000 surplus the previous year. The ICBF employs just under 80 people and had net assets of €3.7m at year-end 2019.