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 Six-legged livestock -- sustainable food production
11.05.2017 | Faculty of Science - University of Copenhagen

nachricht Elephant Herpes: Super-Shedders Endanger Young Animals
04.05.2017 | Universität Zürich

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: Can the immune system be boosted against Staphylococcus aureus by delivery of messenger RNA?

Staphylococcus aureus is a feared pathogen (MRSA, multi-resistant S. aureus) due to frequent resistances against many antibiotics, especially in hospital infections. Researchers at the Paul-Ehrlich-Institut have identified immunological processes that prevent a successful immune response directed against the pathogenic agent. The delivery of bacterial proteins with RNA adjuvant or messenger RNA (mRNA) into immune cells allows the re-direction of the immune response towards an active defense against S. aureus. This could be of significant importance for the development of an effective vaccine. PLOS Pathogens has published these research results online on 25 May 2017.

Staphylococcus aureus (S. aureus) is a bacterium that colonizes by far more than half of the skin and the mucosa of adults, usually without causing infections....

Im Focus: A quantum walk of photons

Physicists from the University of Würzburg are capable of generating identical looking single light particles at the push of a button. Two new studies now demonstrate the potential this method holds.

The quantum computer has fuelled the imagination of scientists for decades: It is based on fundamentally different phenomena than a conventional computer....

Im Focus: Turmoil in sluggish electrons’ existence

An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.

We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...

Im Focus: Wafer-thin Magnetic Materials Developed for Future Quantum Technologies

Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.

Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...

Im Focus: World's thinnest hologram paves path to new 3-D world

Nano-hologram paves way for integration of 3-D holography into everyday electronics

An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Marine Conservation: IASS Contributes to UN Ocean Conference in New York on 5-9 June

24.05.2017 | Event News

AWK Aachen Machine Tool Colloquium 2017: Internet of Production for Agile Enterprises

23.05.2017 | Event News

Dortmund MST Conference presents Individualized Healthcare Solutions with micro and nanotechnology

22.05.2017 | Event News

 
Latest News

How herpesviruses win the footrace against the immune system

26.05.2017 | Life Sciences

Water forms 'spine of hydration' around DNA, group finds

26.05.2017 | Life Sciences

First Juno science results supported by University of Leicester's Jupiter 'forecast'

26.05.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>