Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Sharp fall in Finnish farm income in 2005

20.10.2005


Finnish farm income in 2005 will the lowest in years, according to provisional figures from MTT Agrifood Research Finland. Total income for the farming industry is down by 8% compared with 2004 mainly due to higher input costs.



Farm income for this year is provisionally forecast at €980 million, compared with €1.07 billion in 2004, and an average of €1.10 billion for the period 2000-2004. The farm income figure calculated by MTT indicates compensation for the labour input and capital invested by farmers in agriculture and horticulture.

While the total return on agriculture and horticulture in 2005 is expected to increase by 1% compared with 2004, this is offset by the increased cost of production. Production costs are forecast to rise by 4% in total this year. “The higher cost of petrol, in particular, has raised farmers’ bills. Fertiliser costs are also higher. Also, the costs of machinery and buildings have increased sharply this year” says Jyrki Niemi, an agricultural economist at MTT.


Crop output up, livestock down

The MTT predicts that the total return on agriculture and horticulture will reach €4.0 billion this year, and total production costs €3.0 billion. The return from market sales is estimated at €2.1 billion, which is 2% lower than a year ago. The value of publicly funded support for Finnish farmers totals €1.8 billion, up by 3% on the previous year.

In contrast to 2004, when crops were hit by poor weather conditions, harvests have been particularly abundant in 2005. The volume of crop production is up by 12% on the previous year, but prices fall by 6%, resulting in a value increase of only 2.3%. The returns from horticulture are forecast to increase by 1.1%.

Market returns from livestock production are estimated to decrease by 3.7% this year. The main decrease comes from lower milk sales which are down by 6% on the previous year due to the decline in milk prices. Prices have fallen in the poultry meat and egg production sector as well, resulting in a value decrease of 5.4% and 19%, respectively.

On the other hand, pigmeat producers continue to face higher sales due to the increase in both production quantities and producer prices. Producer prices for pigmeat are expected to rise by almost 7% this year.

Ulla Jauhiainen | alfa
Further information:
http://www.mtt.fi/english/

More articles from Agricultural and Forestry Science:

nachricht Ammonium nitrogen input increases the synthesis of anticarcinogenic compounds in broccoli
26.04.2017 | University of the Basque Country

nachricht New data unearths pesticide peril in beehives
21.04.2017 | Cornell University

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: Making lightweight construction suitable for series production

More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.

Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...

Im Focus: Wonder material? Novel nanotube structure strengthens thin films for flexible electronics

Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.

"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...

Im Focus: Deep inside Galaxy M87

The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.

Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...

Im Focus: A Quantum Low Pass for Photons

Physicists in Garching observe novel quantum effect that limits the number of emitted photons.

The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...

Im Focus: Microprocessors based on a layer of just three atoms

Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.

Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Fighting drug resistant tuberculosis – InfectoGnostics meets MYCO-NET² partners in Peru

28.04.2017 | Event News

Expert meeting “Health Business Connect” will connect international medical technology companies

20.04.2017 | Event News

Wenn der Computer das Gehirn austrickst

18.04.2017 | Event News

 
Latest News

Wireless power can drive tiny electronic devices in the GI tract

28.04.2017 | Medical Engineering

Ice cave in Transylvania yields window into region's past

28.04.2017 | Earth Sciences

Nose2Brain – Better Therapy for Multiple Sclerosis

28.04.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>