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
Trees and climate change: Faster growth, lighter wood
14.08.2018 | Technische Universität München
Animals and fungi enhance the performance of forests
01.08.2018 | Deutsches Zentrum für integrative Biodiversitätsforschung (iDiv) Halle-Jena-Leipzig
There are currently great hopes for solid-state batteries. They contain no liquid parts that could leak or catch fire. For this reason, they do not require cooling and are considered to be much safer, more reliable, and longer lasting than traditional lithium-ion batteries. Jülich scientists have now introduced a new concept that allows currents up to ten times greater during charging and discharging than previously described in the literature. The improvement was achieved by a “clever” choice of materials with a focus on consistently good compatibility. All components were made from phosphate compounds, which are well matched both chemically and mechanically.
The low current is considered one of the biggest hurdles in the development of solid-state batteries. It is the reason why the batteries take a relatively long...
New design tool automatically creates nanostructure 3D-print templates for user-given colors
Scientists present work at prestigious SIGGRAPH conference
Most of the objects we see are colored by pigments, but using pigments has disadvantages: such colors can fade, industrial pigments are often toxic, and...
Scientists at the University of California, Los Angeles present new research on a curious cosmic phenomenon known as "whistlers" -- very low frequency packets...
Scientists develop first tool to use machine learning methods to compute flow around interactively designable 3D objects. Tool will be presented at this year’s prestigious SIGGRAPH conference.
When engineers or designers want to test the aerodynamic properties of the newly designed shape of a car, airplane, or other object, they would normally model...
Researchers from TU Graz and their industry partners have unveiled a world first: the prototype of a robot-controlled, high-speed combined charging system (CCS) for electric vehicles that enables series charging of cars in various parking positions.
Global demand for electric vehicles is forecast to rise sharply: by 2025, the number of new vehicle registrations is expected to reach 25 million per year....
17.08.2018 | Event News
08.08.2018 | Event News
27.07.2018 | Event News
20.08.2018 | Information Technology
20.08.2018 | Life Sciences
20.08.2018 | Information Technology