30 Aug 2016
BEEF SECTOR FARM ECONOMY OVERVIEW – 30 AUGUSTBrussels Daily
N° 12: “Farm Economy Overview: Beef Sector based on 2013 FADN data” (08/2016)
This brief provides an overview of production costs, margins and incomes of EU farms specialised in beef production, based on the latest available data from the Farm Accountancy Data Network (FADN) until 2013. Trends from 2004 to 2013 are provided for breeders, breeders-fatteners and fatteners1 at EU level. This work is accompanied by tables with detailed results, including at Member State level. Since 2004 there has been a rising trend in beef output, thanks to cattle price increase. But costs of beef production have been on the rise too and only fatteners saw a significant improvement in their gross margins. As a consequence, incomes of EU beef producers have been stagnating or even decreasing. They remain roughly the same in 2013 as in 2004 for breeders and breeders-fatteners, and much lower than for fatteners whose income nominally increased, with direct payments playing an essential role.