Mr. Michael Barry:

Let us not underestimate the possibilities and opportunities from genetic improvements. Some 15 or 20 years ago, Ireland was dependent on imported genetics. We have now become a world leader in genetics and the world of sexed semen is now a commercial reality. There is a tremendous opportunity there. We will see a decline in dairy farm numbers and a new activity which will open up in the coming years is contract rearing of dairy herd replacements. That will be a critical opportunity and a very interesting enterprise for farmers. There are good opportunities there and again it is a positive outlook.