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March 30, 2023

Real agricultural income in Romania, the most abrupt drop in EU in 2012

The actual income per agricultural worker fell 16.4 pc in Romania this year, the steepest decline EU-wide, while the European average rose 1 pc, according to Eurostat data yesterday. The EU 1 pc increase was due to 0.5 pc real farm income growth and a 0.5 pc fall in farm production costs, according to Eurostat centralized data. The most robust growth was posted by Belgium (30 pc), The Netherlands (14.9 pc) and Lithuania (13.6 pc). At the opposite end of the scale there are Romania (-16.4 pc), Hungary (-15.7 pc), Slovenia (-15.1 pc) and Austria (-10.2 pc). During 2005-2012, the real agricultural income across the UE soared 29.7 pc, a trend close to Romania’s 29.8 pc.

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