Agriculture in 2017 - Accounts report
In 2017, the value of agricultural output, recovers itself, due to the growth of volume. Concerning crop production, the increase in volume is to a large extent balanced by the fall in prices. The cereals harvest picks up (+25.0% in volume) after the disastrous 2016 results. Conversely, the volume of wine sharply draws back again (-9.6%) due to adverse weather conditions. Concerning animal output, volumes keep on declining, but prices increase appreciably, in particular that of milk (+11.1%).
At the same time, farmers’ expenses go down for the fourth year in a row. This decline occurs as, at the same time, the production value increases. As a consequence, the agricultural added value strengthens significantly. Besides, agricultural labour keeps declining as well. In total, according to the second estimates of the agriculture account, the gross added value at factor cost per worker in real terms rises by 8.6% in 2017 and has been nearly stable over the past two years.