The preliminary results of the 2017 Teagasc National Farm Survey have been revealed.
The average farm income rose to over €31,300 in 2017, according to the survey – an increase of over €7,500 on the 2016 figure.
However, the results also show that 35% of farms earned less than €10,000 in 2017.
Teagasc has said that the rise in average farm income is almost completely driven by the very large increase in income observed on dairy farms, according to reports in the Irish Farmers Journal Today.
It remains the case that more than two thirds of the farms represented by the survey saw little change in their income in 2017 in comparison to 2016.
In a statement this evening the IFA said the survey highlights the importance of CAP direct payments and the challneges of price volatility.