Northern Ireland's farming industry recorded profits exceeding £1bn for the first time in 2025, marking a 36% increase in real terms. Total output for the sector rose by 12% to £3.6bn, while input costs saw a marginal increase to £2.2bn.
The strong performance was significantly influenced by developments in the beef sector, where prices reached record levels. The value of beef output increased by 37% to just under £900m, despite a slight fall in production volume. This rise in beef prices reflects longer-term trends across the UK and Europe, attributed to a decrease in supply following years of low profits and tighter regulation, coupled with steady consumer demand.
Dairy and egg production also contributed to the sector's strong performance in 2025, both having experienced significant consolidation and investment over the past decade. Public subsidies accounted for just under 30% of the 2025 profit, which is considered low by historical standards.
The Department of Agriculture, Environment and Rural Affairs (Daera) forecasts that individual farm profits are likely to increase by 19% in 2025/26, from an average of £56,390 in 2024/25 to £66,840. However, Agriculture Minister Andrew Muir cautioned that this strong performance is unlikely to be sustained through 2026, citing considerable falls in market prices and rising input costs.