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February 24, 2021

Romanian farmers’ income down 8.2 pc in 2010

The real income in the Romanian farming sector dropped by 8.2 pc this year, which is the poorest evolution in Europe, as the indicator increased by 12.3 pc in the EU, Mediafax reports. The income of Romanian farmers is now at 84.5 pc of the 2005 level – one of the lowest values across the continent. In the European Union, the average income of farmers was 10 pc higher than in year 2005, according to data released by Eurostat this Monday. The figure represents the incomes generated during the reference interval, and not the income actually earned by workers. The data also do not reflect the total income of the households that have incomes from agriculture, because it does not include the incomes from other activities, salaries, welfare benefits, or any other kind of income. Romanian farmers had suffered this year the most significant decline of the real income in the EU, similar with that registered by their British colleagues. The income of British farmers however is 15.9 pc higher than in 2005.

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