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Era of volume expansion appears to be over, but value still being added to Irish food and drink exports.
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The most obvious contrast between 'then' and 'now' is the change in scale in every dimension of agriculture.
The original CAP, with its guaranteed intervention prices and export refunds, was designed to prevent severe fluctuations.
Teagasc's outlook for the coming year anticipates a rise in farm income in beef, sheep, dairy and tillage.
The income figures are dependent on a return to normal weather conditions and grass growth.
Positive price forecasts for the beef and sheep sectors will allow incomes to grow, as costs are anticipated to come back slightly.
A return to normal weather, boosting yields, is what drove an expected rise in tillage incomes in Teagasc's calculations.
The sector that saw most farmers reporting that farm incomes will be the biggest issue for the next Government was tillage.
Responding to the outgoing Taoiseach's remarks, Deputy Carol Nolan said the remarks have “gone down like a lead balloon among farmers”.
It comes from the body’s report ‘Fostering sustainable and resilient food systems at times of growing crises’.
