Average farm incomes rose to over 31,300 euro last year, according to the preliminary results of the 2017 Teagasc National Farm Survey.

The survey shows a 65% increase in average income for dairy farmers, a 20% increase for tillage, 8% increase for sheep farmers, while incomes are unchanged for cattle farmers.

Teagasc says the rise in average farm income is almost completely driven by the very large increase in income observed on dairy farms, however, the results also show that 35% of farms earned less than 10,000 euro in 2017.

More than two-thirds of the farms represented by the survey saw little change in their income last year, compared to 2016.

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