The low production of cereals and wine by the drought and the low prices of fruits and the olive oil sank, the agricultural income in 2019. According to the first data developed by the Ministry of Agriculture, the income registered a decline of 8.6% to 26.179 billion euros, putting an end to a period of rising five years. Even so, Agriculture stresses that it is the second income highest of all the European Union, just behind France which also suffered this year, a fall of 8.3%.

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The agricultural income marked a record high in 2018 to grow 4.3% of The agricultural income grew 4.9% in 2017

For the unit of work year, something equivalent to the work of an asset in the sector, income amounted to 30.361 euros, with a decrease of 3.6%. In media land don't believe the figures, and raised the need to review items, especially the costs of production and to take better account of the data concerning statements of the sector in the Tax Agency.

The value of the final production agrarian amounted to 50.637 billion euros, which represents a decrease of 2.9% on the record figure of 52.157 million euros of the previous year due to the decrease of productions and prices in a 3%. Falls in value, the more important were recorded in cereals, which decreased from 4.323 to 3.602 million euros, and in the fruits and vegetables that fell from 10.132 to 8.413 million, which include citrus fruits, down from 2.707 million to 2.127, the wine of 1.442 to of 1,194 and the olive oil from 1,800 to 1.482 million. In cereals, the drop was due to the smaller crop and prices stagnant; in wine to the lowest harvest of only 38 million hectoliters; in fruit and citrus to the low prices; in olive oil also falling of quotations considering that, for the purposes of the income, are not computed by the low harvest this year of just 1.3 million tons, but the record harvest of the previous campaign of 1.8 million tonnes.

In the case of livestock productions, mastered the stability in production and prices down in the poultry-laying and meat. The pig is the exception where increased production and prices for the sale to other eu countries like France, Italy or Portugal and in third countries, which includes China.

expenditure on means of production registered an increase of 3.6% to 24.173 million euros with price rises in the fertilizers 6.6%, from 3.1% in feed, and of 3.1% in services, down from 3.3% in energy and 1.3% in seeds. In terms of volume, fell by 1% the demand for fertilizers, while increasing 1.6% the seed.

Since the sector is still demanding an observatory to analyze the evolution and track of the prices of the means of production as it already works on the development of the prices of the food chain in the sales of agricultural products.

The subsidies increased by 0.6 per cent to 6.427 million euros, equivalent to 24.5% of the rent.

Date Of Update: 06 January 2020, 15:00