NI farming profit rises by 26% to £456 million : compar

NI farming profit rises by 26% to £456 million


NI farming profit rises by 26% to £456 million
16 April 2021 |
Total Gross Output for the region's farming industry was 4% higher last year
The Northern Ireland farming industry saw profits jump by 26% in real terms in 2020, increasing from £342m to £456m, new figures show.
Total turnover rose by 4% to £2.2bn while input costs increased marginally to £1.5bn, the Department of Agriculture, Environment and Rural Affairs (DAERA) has said.
The department has published the first provisional estimate for Northern Irish farm incomes in 2020.
The figures represent the return on own labour, management input and own capital invested for all those with an entrepreneurial involvement in farming.

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