FARM ECONOMY OVERVIEW: CEREALS SECTOR – 28 JULY

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FARM ECONOMY OVERVIEW: CEREALS SECTOR - 28 JULY
28 Jul 2016

FARM ECONOMY OVERVIEW: CEREALS SECTOR – 28 JULY

Brussels Daily

CEREALS SECTOR FARM ECONOMYFARM ECONOMY OVERVIEW:  CEREALS SECTOR

 

Costs of production still increasing for all four cereal crops, operating costs of production increased by almost 60% over the period of 2004-2013. Chart 2  of this publication shows average operating costs per hectare for the EU, whereas Chart 3 describes operating costs by Member States referred to 2013. From 2012 to 2013 operating costs kept growing on average by 3%. For common wheat, specific costs increased by 4% in one year, whereas a moderate decrease is expected for 2014. The main cost items contributing to the rising trend were seeds (+5%) and fertilisers (+3%). As regards durum wheat, the most appropriate data refers to the main producers. Spain had the lowest operating costs in 2013, made up mainly of fuel/lubricant (+90%) and crop protection costs (+30%), while there was a significant decrease for machines and building upkeep and for energy. Operating costs in Greece rose by 6%, driven primarily by fuels/lubricants (+30%), while in Italy were rather stable with the highest growth by 6% for seed, compensating the reduction in the other items. French producers had the highest costs, mainly due to surges in contract work (+30%), crop protection and seeds (for both +20%). Barley, as compared to other crops, had the lowest level of costs, the most important items affecting overall costs were crop protection (+20%) and seeds (+9%). Operating costs for producing grain maize grew by 3% in a year, mainly due to seeds (+6%) and crop protection (+5%).  Read the Farm Economy Overview in full here

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