Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Agricultural income increased by almost ten percent

06.03.2008
Agricultural income increased by almost ten percent last year compared to the previous year, as indicated by MTT Agrifood Research Finland’s overall calculations for agriculture and horticulture. In 2007, agricultural income reached EUR 988 million, while in 2006 it amounted to about EUR 900 million.

Agricultural income, which indicates the return on agricultural entrepreneurs’ labour input and capital investment, thus saw an increase for the first time since 2002. Despite the increase, agricultural income in 2007 fell almost 14 percent short of the figures in 2002.

FEED COSTS REDUCED EARNINGS

The central factor in the rise in agricultural income is the increase in producer prices both in plant farming and in domestic animal production. On the other hand, a slight decrease was recorded in the volume of agricultural and horticultural subsidies compared to the previous year.

Costs continued to rise rapidly last year, and as a result the increase in income was almost two thirds lower than it would have been otherwise. Total costs rose by over five percent to almost EUR 3.3 billion. Especially feed costs, which rose especially rapidly at the end of 2007, increased total costs. The cost of construction also continued to rise faster than the standard rate of inflation. Furthermore, an overall rise in the level of interest rates and increased borrowing pushed interest costs up.

INCOME FROM GRAIN INCREASED MASSIVELY

According to MTT’s calculations, the overall agricultural and horticultural income last year amounted to slightly over EUR 4.3 billion, which is a six percent increase from the previous year. This increase in income resulted from a rise in producer prices of grain, milk, meat and eggs, in particular.

Sales proceeds from grain almost doubled in 2007. The increase in income is both a result of the increase in grain volumes due to good crops and the 50-percent increase in the average price. Grain prices are expected to remain high throughout the year, as the supply of grain on the global market is scarce compared to demand.

In 2007, the price of pork increased by an average of five percent, the price of beef by four percent, and the price of poultry by two percent compared to the previous year. The growth in production volumes of pork and poultry further increased the income.

The eight percent increase in the producer price of milk boosted sales proceeds of milk by almost six percent, despite the production volume being two percent lower than in the previous year.

GREENHOUSE PRODUCTION LOWERED HORTICULTURAL INCOME

Horticultural income only increased by just over 0.5 percent compared to the previous year. There was a clear increase in the value of open-field production, whereas returns from greenhouse production dropped by over four percent. Berry and apple crops were quite disappointing. Due to heavy rain, grey mould ruined some strawberry crops. However, the slightly higher prices of strawberries compared to the previous year partly compensated for the loss of crops.

Ulla Jauhiainen | alfa
Further information:
http://portal.mtt.fi/portal/page/portal/www_en/News/Press%20releases

More articles from Agricultural and Forestry Science:

nachricht Microjet generator for highly viscous fluids
13.02.2018 | Tokyo University of Agriculture and Technology

nachricht Sweet route to greater yields
08.02.2018 | Rothamsted Research

All articles from Agricultural and Forestry Science >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: In best circles: First integrated circuit from self-assembled polymer

For the first time, a team of researchers at the Max-Planck Institute (MPI) for Polymer Research in Mainz, Germany, has succeeded in making an integrated circuit (IC) from just a monolayer of a semiconducting polymer via a bottom-up, self-assembly approach.

In the self-assembly process, the semiconducting polymer arranges itself into an ordered monolayer in a transistor. The transistors are binary switches used...

Im Focus: Demonstration of a single molecule piezoelectric effect

Breakthrough provides a new concept of the design of molecular motors, sensors and electricity generators at nanoscale

Researchers from the Institute of Organic Chemistry and Biochemistry of the CAS (IOCB Prague), Institute of Physics of the CAS (IP CAS) and Palacký University...

Im Focus: Hybrid optics bring color imaging using ultrathin metalenses into focus

For photographers and scientists, lenses are lifesavers. They reflect and refract light, making possible the imaging systems that drive discovery through the microscope and preserve history through cameras.

But today's glass-based lenses are bulky and resist miniaturization. Next-generation technologies, such as ultrathin cameras or tiny microscopes, require...

Im Focus: Stem cell divisions in the adult brain seen for the first time

Scientists from the University of Zurich have succeeded for the first time in tracking individual stem cells and their neuronal progeny over months within the intact adult brain. This study sheds light on how new neurons are produced throughout life.

The generation of new nerve cells was once thought to taper off at the end of embryonic development. However, recent research has shown that the adult brain...

Im Focus: Interference as a new method for cooling quantum devices

Theoretical physicists propose to use negative interference to control heat flow in quantum devices. Study published in Physical Review Letters

Quantum computer parts are sensitive and need to be cooled to very low temperatures. Their tiny size makes them particularly susceptible to a temperature...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

2nd International Conference on High Temperature Shape Memory Alloys (HTSMAs)

15.02.2018 | Event News

Aachen DC Grid Summit 2018

13.02.2018 | Event News

How Global Climate Policy Can Learn from the Energy Transition

12.02.2018 | Event News

 
Latest News

Contacting the molecular world through graphene nanoribbons

19.02.2018 | Materials Sciences

When Proteins Shake Hands

19.02.2018 | Materials Sciences

Cells communicate in a dynamic code

19.02.2018 | Life Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>