EU farm income
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CTA. 2003. EU farm income. Agritrade, January 2003. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52509
In 2003 real agricultural income per worker in the EU fell by 3%,...
In 2003 real agricultural income per worker in the EU fell by 3%, real income fell 5.9%, and the number employed in the agricultural sector fell by 2.9%. Agricultural income is below the levels of 2001 in Denmark (-26.3%), Germany (-18%), Ireland (-11.4%), Belgium (-7.7%) and the Netherlands (-7.5%) and is higher in Luxembourg (+1.0%), Spain (+1.2%), the UK ( +3.9%), Greece (+5.7%) and Finland (+7.4). The fall in real agricultural income per worker is a consequence of: a drop in the overall value of agricultural output; decreases in input costs and depreciation in real terms; falls in non-product specific subsidies and non-product specific taxes in real terms; a continuous decline in the volume of agricultural labour input.