Teagasc Beef Specialist, David Argue, is on this week’s Beef Edge Podcast to discuss beef markets and budgets. David outlines current beef markets and highlights the national weekly kill has risen in the last week of September to 30,000/head. David emphasises the importance of completing a budget tailored to each farm based on input costs and fixed costs of the farm Each budget calculates a breakeven selling price (cents/kg carcase weight) for that particular system and takes account of the purchase price and all the associated variable and fixed costs incurred. Any proposed margin per head will be additional to the breakeven price. It is important to remember that these budgets serve as a guide. It is recommended that each individual work out their own budgets in conjunction with their local Teagasc Advisor to best reflect their own farm situation. For more information:https://www.teagasc.ie/about/farm-advisory/advisory-regions/ Purchase prices are based on the prevailing market value at the time for weanlings and store cattle. Inputs required for finishing are also set at current market values. Further details available at:https://teagasc.ie/publications/teagasc-beef-budgets-2025-2026/ For more episodes from the Beef Edge podcast, visit the show page at:https://www.teagasc.ie/thebeefedge Produced on behalf of Teagasc by LastCastMedia.com
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17:51
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17:51
Financial planning & managing cash flow for the rest of the year
IFAC Accountant, Trevor Boland, is on this week’s Beef Edge podcast to discuss financial planning and managing cash flow for the rest of the year. Suckler and beef farmers are currently receiving higher prices than ever before for their livestock sales, both through the live trade and through beef prices received from processors. Trevor says that farmers need to be aware of what their farm profits are for 2024: what tax is payable on these profits and what the likely farm income is going to be for 2025? Many farmers in the past, Trevor explains, would look at income tax filing deadlines as a target and not need to worry about a tax bill, as quite often many, particularly farmers with off-farm income, found themselves with a low tax bill or indeed a refund. But the IFAC review of 2024 figures to date and projections for 2025 show the majority of suckler and beef farmers across the country will not only have larger income tax bills than normal, but in some cases significant tax bills. For farmers looking at their 2024 figures and expected income for 2025, there are possibilities to reduce income tax bills, invest in the farm for the future, invest in family and make the farm a safer place to live and work. Some options to reduce income tax bills include: Stock Relief, Family Wages ,Income Averaging Pension Contributions and Facility and Safety Improvement. For more episodes from the Beef Edge podcast, visit the show page at:https://www.teagasc.ie/thebeefedge Produced on behalf of Teagasc by LastCastMedia.com
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14:05
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14:05
Why you need a farm succession plan
Teagasc Farm Management specialist, James McDonnell, and Succession Ireland mediator, Clare O’Keeffe, join Catherine Egan and Ciaran Lynch on this week’s joint episode of the Beef Edge podcast and Ovicast to discuss all aspects of generation renewal, succession and mediation. James highlights the importance of Generation renewal while Clare outlines the importance of a mediator to aid the process. It is essential for every farmer to have a farm succession plan in place. There are complex legal and taxation rules that, if planned for, can be managed easily. If not planned for, however, there could be a major impact on the viability of the farm business. Teagasc run Transferring the Family Farm clinics every year. These clinics are designed to help farm families through the process and all aspects that need to be considered when transferring the family farm. In 2025, clinics will take place at six venues throughout the country. Further details at:https://teagasc.ie/rural-economy/farm-management/succession-inheritance/transferring-the-family-farm/ If you missed the Generation Renewal Webinar , you can watch it back herehttps://www.youtube.com/watch?v=xcKGV0E2InM For more episodes from the Beef Edge podcast, visit the show page at:https://www.teagasc.ie/thebeefedge Produced on behalf of Teagasc by LastCastMedia.com
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37:55
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37:55
John Maher’s Monthly Grass Management Tips
Grass10 Manager, John Maher, joins Catherine Egan for this month's Grass10 update and he discusses the situation across the country, outlining the actions to take to develop an autumn rotation plan on farms Red/Yellow rust has started to appear on grass plants across the country and John discusses management at this stage of the year. You can subscribe to the Grass10 newsletter here:https://www.teagasc.ie/crops/grassland/grass10/grass10-enewsletter/ For more episodes from the Beef Edge podcast, visit the show page at:https://www.teagasc.ie/thebeefedge Produced on behalf of Teagasc by LastCastMedia.com
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12:08
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12:08
Update from the Derrypatrick Herd
Teagasc Researcher, Peter Doyle, is on this week’s Beef Edge Podcast with an update on breeding performance and grassland management for the Derrypatrick herd. Peter discusses this year’s calves’ performance and weaning management. Peter also outlines how he is managing red clover on the farm currently and how it has performed to date. Plus he explains the plan for finishing cattle and the current research taking place on the farm. For more episodes from the Beef Edge podcast, visit the show page at:https://www.teagasc.ie/thebeefedge Produced on behalf of Teagasc by LastCastMedia.com
The Beef Edge is Teagasc’s podcast for all the latest news, information and advice for Irish beef farmers, presented by Catherine Egan.
Visit the show page at: https://www.teagasc.ie/animals/beef/the-beef-edge-podcast/
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