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EAA – Ekonomisk kalkyl för jordbrukssektorn | JO 45 SM 1903 |
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In English
Summary Summary
If you
would like to download the publication in PDF, then please click on the link
“Första sidan – I korta drag” above, then click on the link “Hela publikationen
(PDF)”. The agricultural industry output is expected to
increase in 2019, following the sharp, mainly drought related decline of 2018.
The weather has been better and the autumn sown areas were relatively large in
2018, both contributing to a greater harvest in 2019. The expected crop output
value increase is 10 % and that of the animal output is 2 %. When
combined, this is expected to result in an increase of 6 %, or 3.6 billion
SEK, in the overall output value of the agricultural industry in 2019. Due to the larger harvest, crop prices are expected to
decrease during the crop year 2019/2020. The feed prices, however, have
remained relatively high and so have the overall expenses. Total production
values are expected to increase and so are the subsidies, due to the
devaluation of the Swedish crown and the considerable drought-related financial
support. The entrepreneurial income is expected to increase by 72 % in
2019, or 3.6 billion SEK. 1.1 billion SEK out of this increase consists of
subsidies. The biggest contributor to this year’s expected increase
in the agricultural sector output, as well as the decrease in 2018, is the crop
output. For the crop year 2019/2020, the harvest of cereals is expected to
increase by 88 %, while prices decrease by 30 %, resulting in an
output value increase of 34 %. When compared to the average of the five
crop years 2013/2014 to 2017/2018 instead, the cereal output value is still
13 % higher. The value of industrial crop output is expected to increase
by 51 %. The animal output is expected to increase in 2019 as
well, but with more moderate percentages. The cattle output value is expected
to increase by 2 %, as both prices and production have risen. A 1 % decrease
is expected from the pig production output, as while the prices have increased 2 %,
the volume has decreased by 3 %. Poultry is expected to have the most
marked increase in output value in the animal sector, with increases in both
prices and volume resulting in a 13 % overall increase. Lastly, the value
of the dairy output is expected to increase, as higher prices outweigh a
reduction in produced volumes. All in all, this gives an expected value
increase of 2 % the total animal output. As mentioned earlier, the output of the agricultural
industry is estimated to increase by 6 % compared with 2018. The
intermediate consumption is expected to increase as well, by 1 %. While
feed costs have gone down somewhat, the cost of energy and other expenses have
risen. Subtracting the intermediate consumption from the output value equals the
gross value added, which is expected to increase by 21 %. Taking the fixed
capital consumption into account results in the net value added, which is
expected to increase by 78 %. Adding the subsidies on production, we get
the factor income and it is estimated to 3.7 billion SEK in 2019, an increase
of 29 % compared with 2018. Finally, the compensation of employees is expected
to increase by 2 % and rents by 4 %, while interest rate expenses are expected
to decrease by 4 %. This results in a net entrepreneurial income increase of
72 %, or about 3.6 billion SEK. Eurostat plans to publish the EU member countries’ own
estimates of their agricultural industry income in December 2019. Indicator A,
the development in real factor income per annual working unit, is the most
common one to use for comparisons. For Sweden, it is estimated to increase by
28 % in 2019, but this is still an uncertain prediction. The final estimate
will be published in October 2020. List of tables
List of terms
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