EU real agricultural income per worker down by 1.7% in 2014

December 16, 2014 6:25 am 

BRUSSELS, Dec. 16 — The European Union (EU)'s real agricultural income per worker has decreased by 1.7 percent in 2014 when compared with last year, according to first estimates issued on Monday by Eurostat, the EU's statistical office.

These estimates are based on data supplied by the national authorities in the 28-member bloc.

Eurostat said the decrease is mainly due to a fall in the value of crop output and animal output, combined with a decrease in real terms for input costs.

The fall in the value of crop production is due to a significant decrease in prices, with the largest falls in prices for potatoes (-24.5 percent), oilseeds (-14.7 percent), and cereals (-13.9 percent).

Figures also show that when compared with the previous year, real agricultural income per worker in 2014 is estimated to have risen in eight member states and fallen in 20. And the highest increases are expected in Slovenia (+13.3 percent), and the largest decrease in Finland (-22.8 percent), followed by Lithuania, Belgium, Italy, Estonia and Denmark.

Between 2005 and 2014, EU real agricultural income per worker is estimated to have increased by 34.4 pct, while agricultural labor input fell by 24.6 pct. (PNA/Xinhua)

FPV/JSD

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