{"id":1336701,"date":"2024-06-26T11:45:00","date_gmt":"2024-06-26T10:45:00","guid":{"rendered":"https:\/\/www.agriland.ie\/?p=1336701"},"modified":"2024-06-26T11:27:37","modified_gmt":"2024-06-26T10:27:37","slug":"net-margins-of-different-beef-systems-outlined-at-beef2024","status":"publish","type":"post","link":"https:\/\/lightsail.agriland.ie\/farming-news\/net-margins-of-different-beef-systems-outlined-at-beef2024\/","title":{"rendered":"Net margins of different beef systems outlined at BEEF2024"},"content":{"rendered":"\n

The net margins from a range of different beef production systems have been outlined at the Teagasc open day BEEF2024 which is taking place at Teagasc, Grange, Co. Meath today, Wednesday, June 26.<\/p>\n\n\n\n

The theme of the event this year is \u2018securing your future in beef farming\u2019 and the first of the two main stands on the day focus on this.<\/p>\n\n\n\n

Teagasc’s Paul Crosson, Pearse Kelly, Aidan Murray and Mark McCabe are in attendance at the two main stands which outline current trends in Irish beef production systems.<\/p>\n\n\n\n

The table below<\/strong> outlines the financial targets for high-performance beef production systems:<\/p>\n\n\n\n

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\"\"<\/a>
Source: Teagasc<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

The table uses the assumptions of beef price at \u20ac5.00\/kg, protected urea fertiliser at \u20ac550\/t and a concentrate price of \u20ac350\/t.<\/p>\n\n\n\n

The information provided to those in attendance noted that the source of beef cattle has changed substantially in the past decade with a sharp increase in dairy beef coinciding with a reduction in suckler cows.<\/p>\n\n\n\n

While the composition of the national beef kill has changed significantly, the key principles underpinning profitable farm systems “are largely the same” for suckler and dairy-beef systems, according to Teagasc.<\/p>\n\n\n\n

Interestingly, it was also highlighted that there is a greater desire for improved labour efficiency among beef farmers and to improve their work-life balance.<\/p>\n\n\n\n

Many beef farmers are working off-farm with either full-time jobs or part-time jobs and so farm work is left until evenings or weekends. <\/p>\n\n\n\n

A Teagasc survey noted that over 30% of part-time beef farmers are working 40 hours\/week or greater off farm.<\/p>\n\n\n\n

BEEF2024<\/a><\/h2>\n\n\n\n

The event features four Technical Villages. The first is focused on Grassland and Forage<\/strong> and features live displays. Attendees then have the option to visit either the Suckler<\/strong> beef or Dairy<\/strong> calf to beef village or both, depending on their interest.<\/p>\n\n\n\n

After this, farmers can visit the Advisory, Education and Opportunities Village<\/strong> to get more information about specific areas of interest.<\/p>\n\n\n\n

There are a number of panel discussions covering key topics across a range of beef cattle production systems. These are taking place in the forum centre and are staged throughout the day.<\/p>\n\n\n\n

Keynote speakers include:<\/strong><\/p>\n\n\n\n