EU DAIRY FARMS REPORT – 29 JUNE

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EU DAIRY FARMS REPORT - 29 JUNE
29 Jun 2016

EU DAIRY FARMS REPORT – 29 JUNE

Brussels Daily

EU DAIRY FARMS REPORT BASED ON 2013 FADN DATA – June 2016

This annual report provides an overview of EU dairy farms based on the latest available data from the Farm Accountancy Data Network (FADN) for 2013. It provides trends in milk margin per tonne and in income per work unit from 20041 to 2013, and estimates of gross milk margins for 2014. The sample of milk specialised farms for 2013 represented 89 % of dairy cows and 96 % of milk production in the 28 EU Member States (EU-28). 2013 was an exceptionally good year for the dairy sector, with high dairy prices and margins. In 2014, prices decreased but operating costs decreased at a proportionally higher level, so that a slight increase in gross margin is expected in 2014. However, the prospects for the upcoming years are expected to break this trend. Following the milk crisis of 2009, the period 2010-2013 were recovery years in most EU Member States. At EU level, 2013 even saw milk prices reach a peak (380 EUR/t (euros per tonne) on average) for the period 2007-2013. However, operating costs per tonne increased in parallel, and while the 2013 gross margin2 improved compared to 2012, it did not reach its 2007 level. In 2014, it is expected to increase by 10 EUR/t due to the continuous increase in the price of milk and the stabilisation of operating costs, even if they remain high. Overall, 95 % of dairy farms in the EU-28, representing 97 % of milk production achieved a positive gross margin in 2013 (against 93 % in 2009).  

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