Lecturer in accounting, Louise Walsh and law lecturer Kathleen Moore Walsh publish report on the financial costs of agricultural crime in Ireland
Lecturer in accounting at WIT Louise Walsh and lecturer in law Dr Kathleen Moore Walsh recently conducted an independent national survey of the extent, nature and cost of agricultural crime in Ireland with the assistance of the ICSA (Irish Cattle and Sheep Farmers’ Association).
Crime related cost
The second report recently published highlights information relating to certain financial costs of agricultural crime experienced by a farmer; namely the farmer’s: (i) direct financial loss arising from an agricultural crime incident; (ii) cost of time spent dealing with the aftermath of agricultural crime; and (iii) expenditure on minimising exposure to financial loss which may arise if agricultural crime were to occur (i.e. expenditure on insurance of farm related assets and crime prevention measures related to the farm and farming activities).
The results showed that two thirds of respondent farmers experienced agricultural crime incurring average costs of €4,328 each. The remaining respondents who did not experience agricultural crime still incurred average costs of €1,459 each on insurance of agricultural assets and crime prevention measures.
Related media coverage
Irish Farmer's Journal: Agricultural crime costs each victim €4,300 – survey