Even though agriculture in Slovakia still ended up in the black in 2012, with a recorded profit of €48.7 million before tax, the figure amounts to a year-on-year drop of 33.8 percent compared to 2011’s profits of €73.6 million.
According to the so-called Green Report drafted by the Agriculture and Rural Development Ministry, 2012 revenues in agriculture decreased year-on-year to €2.099 billion from €2.435 billion in 2011. The sector's expenditures also dropped from €2.361 billion in 2011 to €2.051 billion in 2012, the TASR newswire reported, quoting the report.
“The drop in agricultural profitability can be seen in a significant year-on-year decline of revenues by 23.8 percent, attributable to a decrease in agricultural production due to a rise in costs for crop production, including fruits and vegetables, as well as animal production,” the ministry informed TASR at the end of last week.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
24. Jul 2013 at 14:00