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 Cereals use chemical defenses in a multifunctional manner against different herbivores
06.12.2018 | Max-Planck-Institut für chemische Ökologie

nachricht Can rice filter water from ag fields?
05.12.2018 | 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: Data use draining your battery? Tiny device to speed up memory while also saving power

The more objects we make "smart," from watches to entire buildings, the greater the need for these devices to store and retrieve massive amounts of data quickly without consuming too much power.

Millions of new memory cells could be part of a computer chip and provide that speed and energy savings, thanks to the discovery of a previously unobserved...

Im Focus: An energy-efficient way to stay warm: Sew high-tech heating patches to your clothes

Personal patches could reduce energy waste in buildings, Rutgers-led study says

What if, instead of turning up the thermostat, you could warm up with high-tech, flexible patches sewn into your clothes - while significantly reducing your...

Im Focus: Lethal combination: Drug cocktail turns off the juice to cancer cells

A widely used diabetes medication combined with an antihypertensive drug specifically inhibits tumor growth – this was discovered by researchers from the University of Basel’s Biozentrum two years ago. In a follow-up study, recently published in “Cell Reports”, the scientists report that this drug cocktail induces cancer cell death by switching off their energy supply.

The widely used anti-diabetes drug metformin not only reduces blood sugar but also has an anti-cancer effect. However, the metformin dose commonly used in the...

Im Focus: New Foldable Drone Flies through Narrow Holes in Rescue Missions

A research team from the University of Zurich has developed a new drone that can retract its propeller arms in flight and make itself small to fit through narrow gaps and holes. This is particularly useful when searching for victims of natural disasters.

Inspecting a damaged building after an earthquake or during a fire is exactly the kind of job that human rescuers would like drones to do for them. A flying...

Im Focus: Topological material switched off and on for the first time

Key advance for future topological transistors

Over the last decade, there has been much excitement about the discovery, recognised by the Nobel Prize in Physics only two years ago, that there are two types...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

ICTM Conference 2019: Digitization emerges as an engineering trend for turbomachinery construction

12.12.2018 | Event News

New Plastics Economy Investor Forum - Meeting Point for Innovations

10.12.2018 | Event News

EGU 2019 meeting: Media registration now open

06.12.2018 | Event News

 
Latest News

Data use draining your battery? Tiny device to speed up memory while also saving power

14.12.2018 | Power and Electrical Engineering

Tangled magnetic fields power cosmic particle accelerators

14.12.2018 | Physics and Astronomy

In search of missing worlds, Hubble finds a fast evaporating exoplanet

14.12.2018 | Physics and Astronomy

VideoLinks
Science & Research
Overview of more VideoLinks >>>