Dairy debt on the rise but borrowings still far lower than global competitors

Debt levels per cow in different countries
Teagasc research has shown that dairy farms have the highest level of debt across all Irish farming systems and the highest rate of debt.
Close to two-thirds of Irish dairy farms have debt, compared to just 37pc on average across all systems. Just one-third of tillage and cattle rearing farms have debt, with a quarter of sheep holdings carrying borrowings.
The actual level of debt is also highest on dairy units. While average borrowings on all dairy farms comes to around €75,000, the level of debt on drystock farms is under €10,000, and below €20,000 on tillage holdings.

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