Profit of Czech agriculture slightly grows to Kc16.7bn in 2013

published:

updated:
07.03.2014 12:01

Prague - Profit of Czech agriculture grew by Kc300m year-on-year to Kc16.7bn in 2013, which was the second-best result since 1998 when the indicator started to be monitored, the Czech Statistical Office (CSU) said today.

foto

Sklizeň obilí, žně - ilustrační foto. ČTK Vostárek Josef

The growth was pulled by an increase in the harvest of the main commodity crops, a growth in milk prices and higher subsidies.

The value of output in the entire agricultural sector, expressed at current basic prices, grew from Kc122.4bn in 2012 to Kc128.1bn in 2013.

The values of crop production and animal production both increased by over 4 percent.

The volume of subsidies paid out to farmers rose by 3.4 percent year-on-year to Kc30.3bn last year.

"The value of crop production was increasing not only thanks to a growth in wheat, rye, rapeseed and fruit harvest, but also thanks to a growth in prices of fodder crops, vegetables and potatoes," the CSU said in a commentary on the data.

"In animal production, we recorded a growth in egg an pig production and a growth in prices of eggs, cattle and poultry," statisticians said.

The increase in animal production was significantly contributed to by milk whose purchasing price as well as produced amount grew last year. The value of milk production rose by 9 percent compared with 2012.

On the other hand, farmers' spending on seeds, fuels, fertilisers and fodder increased last year.

"Compared with 2012, agricultural employees' compensation grew by 2.7 percent despite a stagnation of employee numbers," statisticians said.

Farmland rents increased by 10 percent in 2013.

In 2012, Czech agriculture posted a Kc16.4bn profit, down from the record-high profit of Kc17.4bn in the previous year.

The sector has been profitable since 2004 when the Czech Republic joined the European Union and farmers started to receive EU subsidies.

Experts say Czech farmers' dependence on subsidies has been growing in the long term, which is not a positive development.

Written by:
www.ctk.cz

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