The short-term outlook for beef prices in 2018 are good, but there will be significant challenges in the medium term, according to the Irish Examiner.
Medium term outlook for beef prices will face numerous challenges on the back of Brexit, CAP reform and climate change, according to Teagasc.
Teagasc announced these predictions ahead of its Beef Open Day in Meath on June 26, which will be sponsored by FBD. The theme of the event will be ‘enchanting technologies'.
Beef Open Day
Professor Gerry Boyle, director of Teagasc, spoke at the launch of the Open Day, where he said that the beef sector is among the most important Irish indigenous industries.
Production rose by 4.5% to 615,000 tonnes in 2017, and beef exports in 2017 were worth €2.5 billion, a 65% rise in value when compared to 2010.
Minister for Agriculture, Food and the Marine, Michael Creed, will attend the event in Meath, along with thousands of farmers, who will see technical advice on how to exploit superior genetics, improve performance from pasture, and plan herd health.
A series of interactive villages will host a number of demonstrations which will focus on all the key factors driving growth, such as breeding, grassland management, herd health, and financial management.
Teagasc said that all cattle farmers will have the opportunity to learn something at the event.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.