Longford Leader Farming: Beef finishers have been hit by Covid and Brexit, says IFA livestock chief

News Reporter

Reporter:

News Reporter

Email:

newsroom@longfordleader.ie

Farming

Agriculture Minister Michael Creed is facing fresh calls secure a direct payment package to make up for the beef price losses in the wake of Brexit and Covid-19

IFA national livestock chairperson, Brendan Golden, said Minister for Agriculture, Food and the Marine, Michael Creed, must secure a direct payment package to make up for the beef price losses for winter finishers on the back of Covid-19 and Brexit inflicted market
disturbances this spring.

He said the figures show winter finishers selling cattle have taken a battering on beef price in the order of €200 per head, when compared to the pre-Brexit and pre-Covid-19 prices.

“Without a direct payment to make up for these price losses, many winter finishers will not survive after this spring, which has been financially horrendous,” he noted.

Over the nine-week period from March 16, 2020 to May 17, the figures show that the Covid-19 related losses were €21.22m, or about €2.5m per week. On top of this, finishers have incurred Brexit related price cuts and calculated from Jan 1, 2020 to May 17, 2020. These amount to €89.8m, or about €4.5m per week.