Aquaculture for all

EU27 Real Agricultural Income Per Worker Up In 2011

Economics

EU - EU27 real agricultural income per worker has increased by 6.7 per cent in 2011, after an increase of 12.6 per cent in 2010, according to first estimates issued by Eurostat, the statistical office of the European Union.

This increase results from a rise in real agricultural income (+3.9 per cent), together with a fall in agricultural labour input (-2.7 per cent). These estimates for the EU27 are based on data supplied by the national authorities in the Member States.

Between 2005 and 2011, EU27 real agricultural income per worker is estimated to have increased by 18.3 per cent, while agricultural labour input has fallen by 15.2 per cent.

The increase in EU27 real agricultural income in 2011 is mainly the result of a rise in the value of agricultural output at producer prices in real terms (+7.5 per cent), while input costs in real terms grew (+9.7 per cent). The falls in the real value of subsidies net of taxes (-1.2 per cent) and in depreciation in real terms (-0.1 per cent) have a marginal impact.

Real agricultural income per worker in 2011 is estimated to have risen in 19 Member States and to have fallen in eight. The highest rises are expected in Romania (+43.7 per cent), Hungary (+41.8 per cent), Ireland (+30.1 per cent), Slovakia (+25.3 per cent), Luxembourg (+25.2 per cent), the Czech Republic (+23.5 per cent), Bulgaria (+23.2 per cent) and Denmark (+20.2 per cent), and the largest falls in Belgium (-22.5 per cent), Malta (-21.2 per cent), Portugal (-10.7 per cent) and Finland (-9.6 per cent).

In 2011, the value of EU27 agricultural output at producer prices is estimated to have increased by 7.5 per cent, mainly due to an increase in the value of both crop production (+8.0 per cent) and animal production (+7.8 per cent) in real terms.

In crop production, the increase in value is due to both a rise in prices (+5.4 per cent) and in volume (+2.5 per cent). Prices are rising for most groups of crops, except fresh vegetables (-10.1 per cent), plants and flowers (-1.1 per cent) and olive oil (-0.9 per cent). The sharpest increases are recorded for cereals (+18.9 per cent), oil seeds (+18.4 per cent), sugar beet (+3.6 per cent) and wine (+2.3 per cent). The volumes of most products are rising, in particular sugar beet (+13.7 per cent), wine (+4.6 per cent) potatoes (+4.2 per cent) and fruits (+3.3 per cent). A decline in volume is seen only for olive oil and plants and flowers (both -2.2 per cent).

The increase in the value of animal production in 2011 is the result of a rise in both producer prices (+6.7 per cent) and volume (+1.1 per cent). Prices are rising for milk (+9.1 per cent), poultry (+8.7 per cent), cattle (+8.6 per cent), sheep and goats (+6.4 per cent) and pigs (+4.3 per cent), while they are falling for eggs (-5.3 per cent). The volume is increasing for sheep and goats (+2.3 per cent), poultry (+1.9 per cent), cattle (+1.5 per cent) and milk production (+1.1 per cent), and slightly decreasing for eggs (-0.9 per cent).

EU27 agricultural input costs (intermediate consumption) are expected to rise by 9.7 per cent in real terms, mainly due to an increase in prices (+9.1 per cent). The rise in input prices is driven by increases for feeding stuff (+16.8 per cent), fertilisers and soil improvers (+14.6 per cent), energy and lubricants (+11.8 per cent), seeds and planting stocks (+4.3 per cent) and maintenance of buildings (+3.8 per cent).

You can view the change in real agricultural income per worker, per country here.

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