Agriculture income up in Europe by 12.3 percent

EU27 real agricultural income per worker has increased by 12.3 percent in 2010, following a decrease of 10.7 percent in 2009, according to first estimates issued by Eurostat, the statistical office of the European Union. This increase results from a rise in real agricultural income (+9.9 percent), together with a fall in agricultural labour input (-2.2 percent).

These estimates for the EU27 are based on data supplied by the national authorities in the member states. Between 2005 and 2010, EU27 real agricultural income per worker is estimated to have increased by 10.0 percent, while agricultural labour input has fallen by 12.7 percent. The increase in EU27 real agricultural income in 2010 is mainly the result of a rise in the value of agricultural output at producer prices in real terms (+4.3 percent), while input costs in real terms grew (+0.8 percent).

The fall in the real value of subsidies net of taxes (-1.2 percent) and the slight rise in depreciation in real terms (+0.4 percent) have a marginal impact. Real agricultural income per worker in 2010 is estimated to have risen in 21 member states and to have fallen in six. The highest rises are expected in Denmark (+54.8 percent), Estonia (+48.8 percent), Ireland (+39.1 percent), the Netherlands (+32.0 percent), France (+31.4 percent), Latvia (+25.5 percent), Belgium (+24.1 percent), Bulgaria (+23.0 percent) and Germany (+22.8 percent), and the largest falls in Romania and the United Kingdom (both -8.2 percent), Greece (-4.3 percent) and Italy(-3.3 percent). Read more...


This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.