EU farm income increases over last decade, but the gains aren't evenly spread

 

The Cattle Site

21 July 2021

 

Between 2007 and 2018, the average farm income in the EU grew, reaching 35,300 per farm and 22,500 per annual working unit in 2018. However, significant differences can be observed across the EU and based on types of farming, sex, age and level of training of farm holders and managers.

 

Those are among the key findings of the "EU Farm economics overview" report published by the European Commission.

 

The EU farm economics overview report provides an overview of key economic developments in European agricultural holdings up to 2018, based on data collected for the farm accountancy data network (FADN). The analysed period covers data from 2007 to 2018.

 

An increase in the value of agricultural output, both for crops and livestock production respectively by 34% and 36%, has led to a farm income increase over the analysed period. In terms of income per annual working unit, the highest average income was recorded in 2018 at 22,500, a slight increase of 0.3% compared to 2017 and 41% higher than in 2007.

 

Regarding income differences across the EU, the highest income per annual work unit (AWU) was in the North-West of the EU while the lowest in the Eastern part. Farms specialising in granivores, wine, horticulture and dairy had an income per AWU above the EU average in 2018. In contrast, it remained below average for permanent crop farms (excluding wine producers), farms specialising in grazing livestock (excluding dairy) and mixed farms...

 

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https://www.thecattlesite.com/news/57204/eu-farm-income-increases-over-last-decade-but-the-gains-arent-evenly-spread/