First estimates of agricultural income 2015

The value of agricultural output, including subsidies, rose by 0,5 % between 2014 and 2015. The crop prices increased by 7 % while those of animal production shrank by 6 %. More specifically the price of fruits and vegetables and that of potatoes are recovering due to lower harvests, while those of milk, veals and pigs decreased significantly. At the same time the lower prices reduced the value of intermediate consumption, mainly due to the fall in energy prices. Thus, the added value of the agricultural industry would grow significantly. Agricultural employment would also continue to be declining. The first estimate of the economic account shows agricultural factor income per labour unit to have increased by 8,8 % in real terms in 2015, consolidating the 2014 upturn.