EU farm income trends
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CTA. 2002. EU farm income trends. Agritrade, June 2002. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52735
Despite CAP reform driven price reductions ...
Despite CAP reform driven price reductions and BSE and FMD induced price declines in the beef sector, EU real agricultural income per worker rose by an estimated 3.3% in 2001. This increase was due to an increase in real agricultural income (+1.2%) on the one hand, and a continued reduction in the volume of agricultural labour input (-2.0%) on the other. Real agricultural incomes were up in all member states except Luxembourg with the strongest growth rates in Denmark (+12.3%), Portugal (+11.8%), Austria (+10.9%), Germany (+9.9%), Ireland (+7.8%) and Belgium (+5.3%). Comment: Clearly CAP reform involving substantial price reductions does not mean poorer EU farmers. However, it does mean poorer ACP farmers as the returns on CAP products exported to the EU decline in line with the price reductions introduced through administrative reforms.