EU: New member states boost EU farm income, says Eurostat
The first estimates of agricultural income for 2004 show a year-on-year increase of 3.3% in the European Union as a whole, mainly due to the contribution of the new member states, according to Eurostat.
However, in the new member states agricultural income increased by an average of 53.8%, as accession to the EU provided countries with access to the EU Single Market and implementation of the Common Agricultural Policy. Agricultural income in the EU-15, the 15 member states that formed the EU before the accession of ten further countries in May this year, also increased this year by 0.8%.
"The new member states' accession to the CAP has brought new security and new opportunities to their farmers. I'm also delighted that real farm income in the 'old' member states has returned to its long-term upward trend. I am certain that all EU farmers will be able to build on this success as the new CAP reforms come on stream," said Mariann Fischer Boel, EU Commissioner for Agriculture and Rural Development.
Across the EU, factors contributing to the increase included the sharp increase in agricultural harvest compared to 2003, notably for the cereal, oilseed, wine, olive oil and potato sectors. The total volume of crop production rose by 12.5 %, offsetting the decrease in real crop prices (-8.4%).
For more details, click here.
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Have food promotions reached tipping point?
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Japan's Nagatanien buys Chaucer Food Group
- Tyson sets up US$150m investment fund