Ireland’s increasing dependence on grain and feed imports is outlined clearly in the recent economic impact report, written by Professor Michael Wallace. He indicates that increases in demand have outpaced native supplies. However, these trends also indicate significant opportunities for expansion through import replacement.
Increasing costs, imports, technology gaps – there are many things that have caused the area decline in the tillage sector, but ultimately it has been lack of profitability. Like all sectors, the pincer combination of increasing costs (production and compliance) and poor grain prices have eroded profitability and the ongoing pressure from lowering support payments and convergence continues to erode profitability.