Possible actions to undertake in light of soaring fertiliser prices

There always seems to be something that farmers have to be worrying or fearful of and this year, that is skyrocketing fertiliser prices.

Despite the cost of fertiliser, farmers - particularly those involved in dairy - seem to be, from what I've seen so far, the ones purchasing fertiliser.

With the way milk prices are and have been for quite a while now, despite other input costs also rising, dairy farmers are the ones who are in a better position to purchase fertiliser in comparison to their beef and sheep counterparts, who are working off much tighter margins.

That's not a shot at dairy farmers; it's just stating facts and best of luck to them.

However, the worry on beef and sheep farms, despite witnessing record lamb prices in 2021 and improved beef prices (although not near enough still, in my opinion), any profits made last year look to be eroded this year with the way input costs have soared.

The question many have now, is how we go about growing grass without breaking the bank or credit union - as is what is being suggested as an option, to purchase fertiliser by taking out a loan with your local branch.

To try and help farmers, a couple of options were suggested at day one of the Teagasc National Sheep Conference on Tuesday evening (January 25).

Michael Gottstein, head of Sheep Knowledge Transfer at Teagasc, outlined a few actions farmers could carry out.

In terms of what you could prioritise doing now, Michael said you could:

While looking further ahead in the year, Michael listed some key actions that could be undertaken when it comes to ground targeted for winter fodder.

These included:

In terms of ground targeted at grazing, Michael suggested that farmers could do the following:

Lastly, in terms of stock on the farm, Michael suggested selling any unproductive animals - particularly on highly stocked farms.

He said that by reducing stocking rates by 10%, it could reduce fertiliser requirements by 15-20%.

Some of what Michael suggested included:

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