Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Finnish farm income declined as expected

02.03.2007
Farm income in Finland decreased last year by some eight percent from the previous year, as indicated by MTT Agrifood Research Finland’s overall calculations for agriculture and horticulture. Farm income for 2006 stands at EUR 893 million, while the corresponding figure in 2005 was EUR 975 million.

The decline in farm income was in line with forecasts. No unexpected changes were seen in the markets and in agricultural subsidy policy during 2006.

Farm income indicates the compensation received by agricultural entrepreneurs for their labour input and capital invested. It is calculated by subtracting total costs from total returns.

Costs continued to rise

Farm income for 2006 declined as total costs rose by nearly four percent and the growth in total return remained below one percent. Costs rose particularly due to the continued rise in production input prices fuelled by rising oil prices. The main factors contributing to an increase in total returns were an increase of over four percent in horticulture returns and a subsidy increase of some two percent over the previous year.

The total returns of agriculture and horticulture last year rose above EUR four billion for the first time during Finnish EU membership. Market returns of agriculture and horticulture totalled some EUR 2.1 billion and subsidies reached nearly EUR 1.9 billion. Total costs rose to over EUR 3.1 billion.

Prices of cereals and oil crops on the rise

Returns of animal farms in 2006 remained at levels seen in the previous year as the increase of returns from beef offset the slightly lower returns from milk and poultry. Returns from beef rose by nearly seven percent as the result of favourable price development. Despite a three percent increase, the producer price for beef remained clearly below the EU average.

The increase in producer prices and accelerated trade in barley increased market returns from cereals by approximately four percent, although the total yield was clearly smaller than in the previous year. However, the price paid for cereals in 2006 was on average nine percent higher than in the previous year. Returns from oil crops rose a staggering 42 percent, as the amount of goods in the market saw an increase of nearly 20 percent and producer prices rose by about 18 percent.

Clear increase in value of greenhouse production

The value of horticultural production rose by over four percent from the previous year. The value of open-field production witnessed a slight decline, whereas returns from greenhouse production grew by over seven percent. Due to the dry growth season in 2006 most open-field vegetables produced smaller yields – however, the lower supply was reflected in prices which were clearly higher than in the previous year. The demand for horticultural products was also boosted by the small yield of kitchen gardens caused by drought and insufficient irrigation.

Lower yield in open-field production, caused by drought, was also reflected in the demand for greenhouse produce. Consumers increased their use of greenhouse vegetables in place of open-field vegetables. This caused the demand for greenhouse vegetables to remain satisfactory throughout the summer season, contributing to a price higher than in the previous year.

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

More articles from Agricultural and Forestry Science:

nachricht Light green plants save nitrogen without sacrificing photosynthetic efficiency
21.11.2017 | Carl R. Woese Institute for Genomic Biology, University of Illinois at Urbana-Champaign

nachricht Filling intercropping info gap
16.11.2017 | American Society of Agronomy

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: Nanoparticles help with malaria diagnosis – new rapid test in development

The WHO reports an estimated 429,000 malaria deaths each year. The disease mostly affects tropical and subtropical regions and in particular the African continent. The Fraunhofer Institute for Silicate Research ISC teamed up with the Fraunhofer Institute for Molecular Biology and Applied Ecology IME and the Institute of Tropical Medicine at the University of Tübingen for a new test method to detect malaria parasites in blood. The idea of the research project “NanoFRET” is to develop a highly sensitive and reliable rapid diagnostic test so that patient treatment can begin as early as possible.

Malaria is caused by parasites transmitted by mosquito bite. The most dangerous form of malaria is malaria tropica. Left untreated, it is fatal in most cases....

Im Focus: A “cosmic snake” reveals the structure of remote galaxies

The formation of stars in distant galaxies is still largely unexplored. For the first time, astron-omers at the University of Geneva have now been able to closely observe a star system six billion light-years away. In doing so, they are confirming earlier simulations made by the University of Zurich. One special effect is made possible by the multiple reflections of images that run through the cosmos like a snake.

Today, astronomers have a pretty accurate idea of how stars were formed in the recent cosmic past. But do these laws also apply to older galaxies? For around a...

Im Focus: Visual intelligence is not the same as IQ

Just because someone is smart and well-motivated doesn't mean he or she can learn the visual skills needed to excel at tasks like matching fingerprints, interpreting medical X-rays, keeping track of aircraft on radar displays or forensic face matching.

That is the implication of a new study which shows for the first time that there is a broad range of differences in people's visual ability and that these...

Im Focus: Novel Nano-CT device creates high-resolution 3D-X-rays of tiny velvet worm legs

Computer Tomography (CT) is a standard procedure in hospitals, but so far, the technology has not been suitable for imaging extremely small objects. In PNAS, a team from the Technical University of Munich (TUM) describes a Nano-CT device that creates three-dimensional x-ray images at resolutions up to 100 nanometers. The first test application: Together with colleagues from the University of Kassel and Helmholtz-Zentrum Geesthacht the researchers analyzed the locomotory system of a velvet worm.

During a CT analysis, the object under investigation is x-rayed and a detector measures the respective amount of radiation absorbed from various angles....

Im Focus: Researchers Develop Data Bus for Quantum Computer

The quantum world is fragile; error correction codes are needed to protect the information stored in a quantum object from the deteriorating effects of noise. Quantum physicists in Innsbruck have developed a protocol to pass quantum information between differently encoded building blocks of a future quantum computer, such as processors and memories. Scientists may use this protocol in the future to build a data bus for quantum computers. The researchers have published their work in the journal Nature Communications.

Future quantum computers will be able to solve problems where conventional computers fail today. We are still far away from any large-scale implementation,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Ecology Across Borders: International conference brings together 1,500 ecologists

15.11.2017 | Event News

Road into laboratory: Users discuss biaxial fatigue-testing for car and truck wheel

15.11.2017 | Event News

#Berlin5GWeek: The right network for Industry 4.0

30.10.2017 | Event News

 
Latest News

Corporate coworking as a driver of innovation

22.11.2017 | Business and Finance

PPPL scientists deliver new high-resolution diagnostic to national laser facility

22.11.2017 | Physics and Astronomy

Quantum optics allows us to abandon expensive lasers in spectroscopy

22.11.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>