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Farmers Income Stabilises After Positive 2011

21 December 2011

AUSTRIA - After a good year in 2011, farm income in Austria has stabilised. Reasons for the increase in incomes were strong crop harvests and higher prices in the livestock sector.

Despite an increase in income, price volatility concerns are still playing on the market, with the price of corn in recent weeks by 25 per cent, while energy prices are rising constantly," said Gerhard Wlodkowski, president of LK Austria.

The average EU income has increased six per cent - predominantly in Eastern European countries.

Inputs have increased significantly, working against the higher prices seen for cattle. Increased exports to Turkey were offset by high feed prices.

Corn and wheat prices have dropped significantly in recent weeks, and a strong potato harvest constrained prices.

Higher yields are aiding farm incomes, however expensive input costs and increases in energy prices mean that Gerhard Wlodkowski is holding back on the optimism for 2012.

TheCropSite News Desk



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