Despite soaring input costs in 2008, Scotland’s top livestock producers improved their margins through strong technical performance, according to the annual analysis of performance and profitability by red meat promotion and development body, Quality Meat Scotland.
Stuart Ashworth, Head of Economic Services, QMS, pointed out the price of many inputs rose steeply over the first half of the year and there was little respite in input prices until late 2008. Fertiliser prices increased more than two fold during 2008 while feed and energy costs increased by over 20%.