Dairy farmers could experience a €1.3bn financial shock through the next 12 months, according to figures released by the Irish Creamery Milk Suppliers Association (ICMSA). The ICMSA recently released figures illustrating the financial shock dairy farmers could face over the next 12 months as a result of the milk price drop that began in August and continues. Mr Drennan said this kind of “income wipeout” was a result of the milk price farmers were receiving being now below the cost of production. “Dairy farmers need to plan for their revenues to be either 20% higher or lower than the average. We’re heading for 35% drop in milk income for this year compared to last.

Source: Irish Examiner February 11, 2026 17:30 UTC