IFA National Dairy Committee chairman Sean O’Leary has said that with weaker dairy markets just months before the end of the quota regime, it is crucial that farmers intending to enter dairying or expand their enterprise would plan based on realistic assumptions about profitability.
He added that dairy farmers in the post-quota era would need support to become better businessmen and financial planners. He said the dairy industry, financial institutions, the government and Teagasc must all play their full part to help farmers manage their single biggest challenge for the coming years: margin volatility. “I am heartened by the enthusiasm among dairy farmers. In the context of strong global demand growth linked to solid demographic trends, and our real ability to produce high-quality milk and dairy products sustainably for the global market, I believe it is truly well placed,” O’Leary said.