The Agricultural Sector
Avid Partners work with a number of progressive agri-businesses that we assist in a number of ways. These companies include farming business, the equine trade and organic food producers. The areas that these companies benefit from our assistance have included: grant applications, funding initiatives, development work in the areas of export and niche marketing, upscaling their businesses and balancing innovation and new technologies with cost controls and targeted spending.
The agricultural sector has long been described as a high potential growth industry with global organisations like Glanbia, Origin, Kerry, Donegal and Total Produce gaining worldwide market share and feeding into smaller sub sectors. Food prices are rising, a large proportion of the products produced here are exported and the Irish market now has a reputation as a high quality niche supplier. This has resulted in a potential premium on our exported goods.
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Sector Challenges
However there are still a number of challenges facing the industry including:
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Lack of growth in agricultural output
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Slow rate of change on product areas
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Lack of scale ability to build on initial successes
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Competitive price differentials from other emerging markets undercutting our cost base
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Lack of credit for investment
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Over dependence on EU subsidies
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Lack of marketing initiatives resulting in stunted growth and overseas price pressures
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The challenges associated with being green
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Volatility of global food prices
Industry Stats
The Agri-Food sector is one of Ireland’s most important domestic industries. It employs over 50,000 people directly and another 100,000 indirectly supporting the farming sector. The Department of Agriculture, Food and the Marine currently reports the agri-food sector in Ireland contributes a value of €24 billion to the national economy, generates 6.3% of gross value added and almost 10% of Ireland’s exports. Agriculture by definition is not just confined to farming, the sector is linked to everything from the clothes we wear (cotton jeans and t-shirts, woollen jumpers and coats, leather shoes and jackets) to the food we eat and drink.
- The industry is worth €24 billion to the national economy annually
- The sector accounts for around 7% of GDP
- Agriculture sources 71% of raw materials and supplies from Irish suppliers
- It provides 7.7% of national employment
- When employment in inputs, processing and marketing is included, the agri-food sector accounts for almost 10% of employment
- The industry accounts for half of exports by domestic manufacturing industries
- Estimates of the distribution of Ireland’s agri-food and drink exports in 2013 by sector are: dairy products and ingredients (30%), prepared consumer foods (17%), beef (21%), live animals (2%), beverages (13%), pig meat (6%), poultry (2%), sheep meat (2%), seafood (5%) and edible horticulture (2%).
Contact Us
Contact Avid Partners today on 0818 303087 or email us at info@avidpartners.ie to see how we can help your Agriculture business. Download our article on your area, book a place on our next industry seminar and make an appointment today to chat about your business with one of our expert Avid Partner staff.
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