Young farmers slash losses for 2009 and hope for a profit
John Owen, national chairman said the improvement in the financial situation had been achieved without having to make any "considerable" increases in members' subscriptions or fees.
The organisation, with more than 3,000 members, had carried out reviews of all income and expenditure and had also created a strategic plan for the future.
Advertisement
Hide AdAdvertisement
Hide Ad"It is essential we do not get complacent and continue to work towards an operational profit for the current year," said Owen.
National secretary Penny Laird put the improvement in the financial situation down to careful management and to changes in the staff structure which has seen staff numbers fall from six to four.