Archive:Agricultural accounts and prices

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<introduction: simple language, not too long, kind of executive summary> This chapter gives an overview of indicators on agricultural output and income and of agricultural prices in the EU. The data are extracted from Eurostat collections of agricultural statistics in the form of economic accounts for agriculture (EAA), agricultural price indices (API) and absolute agricultural prices. The EAA is a satellite account of the European System of Accounts (ESA 1995). It covers the agricultural products and services produced during the accounting period sold by agricultural units, held in stocks on farms, or used for further processing by agricultural producers. The concepts of the EAA are adapted to the particular nature of the agricultural industry: for example, the EAA includes not only the production of grapes and olives, but also the production of wine and olive oil by agricultural producers. It includes information on intra-unit consumption of crop products used in animal feed, as well as output accounted for by ownaccount production of fixed capital goods and own final consumption of agricultural units. EAA data are used to calculate income indicators for the agricultural sector. Agricultural price statistics provide information on the trend in producer prices of agricultural products and purchase prices of the goods and services consumed by agriculture in the production process. Data on prices are available for single commodities and for larger aggregates in the form of absolute prices and price indices. Both annual and quarterly time series are published in the free dissemination database on the Eurostat website.

Table, Figure or Map X: Full title of the Table, Figure or Map - Source: Eurostat (educ_ilang)

Main statistical findings

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Agricultural income

Introduction

Indicator A is the real net value added at factor cost of agriculture per annual work unit (AWU). The net value added at factor cost (factor income) is calculated by subtracting the consumption of fixed capital from gross value added at basic prices and adding the value of (other) subsidies, less taxes on production. The AWU is defined as the work volume corresponding to one fulltime worker.

Output of the agricultural industry comprises output from agricultural production and output from non-agricultural secondary activities that are inseparable from the main agricultural activity.

The comparability of data over time is affected by types of subsidies, as product-related subsidies are included in the results in basic prices, whereas general subsidies are only included in income. The shift in types of subsidies from product to production was mainly implemented in 2005 and 2006.

The comparability of factor income and the indicator A is not affected by these changes.

Long-term trends

The agricultural income in the EU-27 has experienced both positive and negative developments in recent years. Compared to 2005, the agricultural income per annual work unit rose by more than 10 % in 2007, 2008 and 2010, but decreased by 1.5 % in 2009.

For 2011, the recent increase brings Indicator A to a level of 119.1 (2005 = 100), following a rise of 11.4 % in 2010. For the EU-15 the level of Indicator A is now higher in 2011 than in 2005 (+ 6.7 %), after reaching 103.7 % last year.

Based on the second estimates provided by the Member States, indicator A in 2011 showed different developments among countries compared to 2005. On this basis, the Member States can be divided into two groups: • The first group includes those countries for which agricultural income in 2011 is above the level recorded for 2005. This group comprises twenty Member States. In fifteen of these countries, the level of agricultural income attained in 2011 is more than 20 index points higher than in 2005, ranging from + 88.7 % in Estonia to + 21.7 % in Finland (Estonia, Hungary, Poland, the Czech Republic, Bulgaria, the United Kingdom, Latvia, Lithuania, Romania, Denmark, Slovakia, Germany, Sweden, Austria and Finland). • The second group includes the other seven Member States where agricultural income in 2011 is below the level recorded for 2005. This group includes Luxembourg, Malta, Greece, Portugal, Italy, Cyprus and Spain. In these countries, the fall in indicator A ranged from – 23.3 % in Luxembourg to – 2.5 % in Spain.

Final output

Inputs

Agricultural labour input

Prices indices

Data sources and availability

Context

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Directive 2003/86/EC (generating url [http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32003L0086:EN:NOT Directive 2003/86/EC]) of DD Month YYYY on ...
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Notes

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