Ireland: Teagasc report 1 million Euro loss
Total Teagasc income for 2011 amounted to €173.3m excluding net deferred funding for pensions. Current expenditure, excluding net deferred funding for pensions, amounted to €174.2m.
The pay package of director Gerry Boyle came to €163,000 in 2011, the same as in 2010. This included a €10,000 benefit in kind for a car in 2011.
Average farm incomes rose to €24,461 in 2011, according to the report, indicating that the industry made progress during the year.
Speaking at the launch of the annual report, Teagasc chairman Noel Cawley said: "Solid science-based technical information is one of the critical foundation stones for the farming and food industry. Teagasc, through its research, education, and advisory activities, are working to support a sustainable, competitive industry as it strives to achieve the production growth targets set in Food Harvest 2020."
Source: irishexaminer.com
