Farm Economics (Leaving Cert Agricultural Science): Flashcards

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Farm Economics
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Premium price increase for sustainable farming products

20-30% higher than conventional products

Examples of value-added products

Artisanal cheese, specialty yoghurt, premium butter, organic meat

% of Irish dairy products sold internationally

Approximately 90%

SCC (Somatic Cell Count) in milk measures

White blood cells; indicates udder health & milk quality

TBC (Total Bacterial Count) in milk reflects

Hygiene standards during milking and milk storage

Why are fat & protein % important in milk?

Impact milk value significantly; earn bonus payments

Characteristics of extensive farming systems

Low input, animals graze pasture, lower costs & output

Characteristics of intensive farming systems

High inputs, maximise output, higher costs, high capital need

Ireland's competitive advantage in dairy

Pasture-based farming using excellent grass-growing conditions

Annual difference: poor vs excellent milk quality (500k L)

€15,000

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